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Mi Bendicion Group
In this Group: Jeyser Antonia , Juan Nicolas, Valeria De Los Angeles

Update on Mi Bendicion Group

This communal bank has three members, one of whom is Jeyser. She is 30 and married and has a young son. For two years, she has sold used shoes and run a small grocery store, where she sells basic grains and new clothing. She offers her merchandise in her neighborhood and has been a client of this institution for a year. She will use the loan to buy inventory: used shoes; new clothing such as pants, blouses, skirts, shirts, and camisoles; sacks of rice, beans, and sugar; oil, cases of soap, and more.

Valeria is 29 and sells new clothing. Juan is 34 and sells new clothing.
View original language description ↓
Este grupo está formado por tres socios empresarios uno de ellos es Jeyser tiene 30 años de edad, casada y con un hijo menor de edad, su negocio es la venta de zapatos usados, pulpería de granos básicos y ropa nueva desde hace 2 años. Sus productos los comercializan en su comunidad, Tiene de ser cliente de la institución 1 año. El crédito lo solicita para invertir en la compra de inventario de zapatos usados, compra de ropa nueva como pantalones, camisas, faldas, shores, blusas, camisolas y compra por quintal de arroz, frijoles, azúcar, bidón de aceite, cajas de jabón, etc. Valeria es una mujer que tiene 29 años de edad y su negocio es la venta de ropa nueva y Juan tiene 34 años de edad y su negocio es la venta de ropa nueva.

Previous Loan Details

The group is made up of three enterprising members. One of them is Jeyser, 30. She's married, has a minor child who's a student, and makes a living selling chicken, cheese, Chontaleña cream, ground beef, mortadella, used shoes, etc. She has been doing this job for two years because previously ... More from Mi Bendicion 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
  • 52
    View loans »
    Nicaragua Loans Fundraising
  • $26,297,675
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Bendicion Group's $1,400 loan helped a member to buy used shoes; new clothing such as pants, blouses, skirts, shirts, and camisoles; sacks of rice, beans, and sugar; oil and cases of soap, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 7, 2013
Jul 7, 2013
Currency Exchange Loss:
Dec 20, 2013