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Tilita Group
In this Group: Concepcion Del Socorro, Maria Del Socorro, Maria Sebastiana, Rosa Amanda

Update on Tilita Group

This group is made up of four businesswomen, one of whom is 68-year-old María del Socorro. She is single and has three children. María has had a business selling spices and "pinolillo" (a cornmeal and cacao drink) for ten years. She has been a member of the communal bank for five years. María is applying for this loan to invest in her business and buy prime materials for cereals, such as corn, cacao, firewood, cinnamon, pepper, and clove. Concepción is 44 years old and has a grocery store that she runs out of her home. María is 48 years old and sells food while Rosa is 30 years old and has a business selling new clothes.
View original language description ↓
El grupo lo conforman cuatro socias comerciantes una de ellas es María del Socorro tiene 68 años de edad, soltera, con tres hijos, se dedica al negocio de vender especies y pinolillo desde hace 10 años, Tiene de ser cliente de la institución 5 años. El crédito lo solicita para invertir en el negocio y comprar maíz, cacao, leña, canela, pimienta, clavo de olor, achote. Concepción tiene 44 años su negocio es una pulpería ubicada en su domicilio, María tiene 48 años, su negocio es la venta de comida y nacatamales, Rosa tiene 30 años su negocio es la venta de ropa nueva.

Previous Loan Details

This group is made up of four enterprising members, one of whom is Maria del Socorro, who has a business mixing and selling spices. She has been doing this activity for six consecutive years. She is a single mother with three children who help her in her business. She will invest the loan in the ... More from Tilita 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
  • 53
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Tilita Group's $3,000 loan helped a member to buy prime materials for cereals, such as corn, cacao, firewood, cinnamon, pepper, and clove.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Aug 28, 2013
Sep 30, 2013
Currency Exchange Loss:
Jun 17, 2014