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Utr Group
In this Group: Rosa, Mercedes, Raquel

Update on Utr Group

This group is composed of three enterprising partners. One of them is Rosa, a 49 year old woman, separated with one 24 year old daughter. Her business is selling traditional clothing and crafts; she has been doing so for the past 4 years. She has been a client of this institution for 4 years, and has demonstrated herself to be responsible in her payments. She will invest this loan in the purchase of traditional clothing and crafts such as cups, jugs, glasses, kegs, coolers, vases, sandals, traditional skirts, etc.

Raquel, a 30 year old woman, has a business selling clothing and cosmetics, and Mercedes is 63 and sells bread and clothing.
View original language description ↓
Grupo formado por tres socias emprendedoras una de ellas es Rosa mujer de 49 años de edad, separada, con una hija de 24 años de edad. Su negocio es la venta de ropa y artesanía típica desde hace 4 años se dedica a esta actividad. Tiene 4 años de ser cliente de esta institución, quien ha demostrado ser responsable en sus pagos, este crédito lo invertirá en la compra de vestidos típicos, artesanías como copas, picheles, vasos, barrilitos, hielera, floreros, sandalias, faldas típicas etc. Raquel mujer de 30 años su negocio es la venta de ropa, cosméticos y Mercedes tiene 63 años de edad y su negocio es la venta de pan y ropa.

Previous Loan Details

The URT group is comprised of four hard-working and enterprising people. Rosa Argentina is one of them. She sells typical clothing, cosmetics, and handicrafts, etc. She started the business as a grocery store, and with the income she invested in other products. She will use the loan to buy ... More from Utr 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
  • 38
    View loans »
    Nicaragua Loans Fundraising
  • $26,388,300
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Utr Group's $2,400 loan helped a member to purchase traditional clothing and crafts such as cups, jugs, glasses, kegs, coolers, sandals, traditional skirts, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jun 27, 2013
Aug 17, 2013
Currency Exchange Loss:
Feb 17, 2014