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Cumplidas Group
In this Group: Yovania, Concepcion , Silvia

Update on Cumplidas Group

The group is made up of three entrepreneurial members. One of these is Concepción, a 40 year old single woman with two children (20 and 2 years old). Her business for four years has been selling food on weekends in her neighborhood serving lunch and buñuelo [a donut like sweet], as well as selling used clothing as a street vendor. Her oldest son helps her deliver food orders to the residences in their neighborhood.

She will invest this loan in the purchase of ingredients like rice, sugar, oil, yuca, pork rinds, cabbage, vinegar, beef, chicken, beef bones, green bananas, ripe plantains, chayote and ayote [types of squash], taro, mint, cilantro, salt, firewood, tomatoes, onion, sweet peppers, bitter oranges, etc.

Yovania is 47 years old and her business is selling food to workers at a health care center in her community. Silvia is 51 years old and her business is a general store run from her home.
View original language description ↓
Grupo formado por tres socias emprendedoras una de ellas es Concepción mujer de 40 años de edad, soltera con dos hijos de 20 y 2 años de edad, su negocio es la venta de comida los fines de semanas almuerzos, buñuelos en su comunidad y la venta de ropa usada ambulante desde hace 4 años. Su hijo mayor le ayuda a distribuir la comida por encargo a los domicilios de su barrio, este crédito lo invertirá en la compra de materia prima como arroz, azúcar, aceite, yucas, chicharrón, repollo, vinagre, carne de res, carne de pollo, hueso de res, plátanos verdes, plátanos maduros, chayote, ayote, quequisque, hierba buena, culantro, sal, leñas, tomate, cebolla, chiltoma, naranja agria etc. Yovania tiene 47 años y su negocio es la venta de comida a trabajadores del centro de salud que hay en su comunidad y Silvia tiene 51 años y su negocio es de una pulpería en su domicilio.

Previous Loan Details

This group is made up of three enterprising women. Concepción is 40 years old and runs an eatery out of her home. She’s been doing this for four years and she’s also the single mother of two children who help her with her business. She will use the money from this loan to buy grains such as ri... More from Cumplidas 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
  • 55
    View loans »
    Nicaragua Loans Fundraising
  • $26,430,500
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Cumplidas Group's $1,800 loan helped a member in the purchase of ingredients like rice, sugar, oil, yuca, pork rinds, cabbage, vinegar, beef, chicken, beef bones, green bananas, ripe plantains, chayote and ayote [squashes], taro, mint, cilantro, salt, firewood, tomatoes, onion, sweet pepper, bitter oranges, etc.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jun 7, 2013
Jul 17, 2013
Currency Exchange Loss:
Aug 16, 2013