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La Domesticas Group
In this Group: Dolores Del Carmen, Margarita, Julia Del Socorro

Update on La Domesticas Group

This group is made up of three hardworking small businesswomen. Julia is one of them. She is 45 years old, single, and has two children, ages 25 and 18. She has been making clothing scrub brushes since she was 17 years old. Her children help her make her products and she has been working with the institution for three years. She needs this loan to buy supplies such as nylon, wood, wire, mallets, scissors, etc. Dolores, age 42, sells Avon cosmetics via catalog; and Margarita, age 30, sells new clothing.
View original language description ↓
El Grupo lo conforman tres mujeres esforzadas microempresarias una de ellas es Julia mujer de 45 años de edad, soltera, con dos hijos de 25 y 18 años. Su negocio es fabricar cepillos de lavar ropa desde hace 17 años de edad, sus hijos le ayudan en la elaboración del producto, es cliente de la institución desde hace 3 años. El crédito lo requiere para comprar materia prima como es nylon, madera, alambre, mazo, tijeras, etc. Dolores mujer de 42 años de edad se dedica a la venta de cosméticos por catálogo de Avon y Margarita mujer de 30 años de edad su negocio es la venta de ropa nueva

Previous Loan Details

Las Domesticas group is made up of three hardworking women: Julia del Socorro who makes brushes, Margarita who sells clothing, and Dolores who sells Avon products. Julia del Socorro started producing handmade brushes to wash clothes 15 years ago. She works together with her two children and a ... More from La Domesticas 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
  • 44
    View loans »
    Nicaragua Loans Fundraising
  • $26,295,350
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of La Domesticas Group's $1,475 loan helped a member to buy supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Sep 27, 2013
Currency Exchange Loss:
Feb 17, 2014