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La Iglesia Group
In this Group: Gilma, Sadia, Rosario

Update on La Iglesia Group

This group is composed of three entrepreneurial women. One of them is Gilma, 57, married, with two children. She sells enchiladas and grows different types of grain (i.e. she works in agriculture). She has been doing this for nine years.

Gilma will use the loan to buy supplies for her plantations, such as improved seeds, fertilizer and insecticides, to pay for the rent of the land, and to prepare the soil. Sadia, 31, sells snacks and beverages. Rosario, 44, sells tortillas.
View original language description ↓
Grupo está formado por tres socias emprendedoras una de ella es Gilma mujer de 57 años de edad, casada, con dos hijos su negocio consiste en la venta de enchiladas y la siembra de granos es decir se dedica a la agricultura, desde hace ya 9 años tiene de estar en esa actividad, el crédito lo invertirá en la compra de insumos para la siembra como semilla mejorada, fertilizantes, insecticidas, el alquiler del terreno, preparación de terreno, etc. Sadia tiene 31 años de edad y su negocio es la venta de gaseosas chiverías, Y Rosario tiene 44 años de edad y su negocio es la venta de tortillas.

Previous Loan Details

The La Iglesia (The Church) group is made up of Gilma, Sadia and Rosario - three female workers and entrepreneurs. Gilma is the coordinator of the group and is has worked in agriculture and producing enchiladas for 8 years. This loan will be invested in cassava, beans and firewood. Sadia is a ... More from La Iglesia Group's previous loan »

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $4,800
    Average annual income
  • 57
    View loans »
    Nicaragua Loans Fundraising
  • $26,430,500
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of La Iglesia Group's $975 loan helped a member to buy agricultural supplies, and to pay for the rent of the land and for preparing the soil.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 22, 2013
Jun 26, 2013
Currency Exchange Loss:
Dec 20, 2013