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Flor Silvestre Group
In this Group: Flor De Maria , Blanca Adilia, Larry Antonio

Update on Flor Silvestre Group

Flor de Maria is one of the three members of the group. She is 33 years old and married, with three children, ages 12, 5, and 2. Her business for seven years has been buying and selling furniture. Her husband is the one who helps her give the final finish to the furniture, since she buys it rough. She has been a client of this institution for a year and a half. She will once again invest in the purchase of sets of rocking chairs, single and double beds, dressing tables, dining room sets, etc. Blanca is 36 years old. Her business is a furniture workshop. Larry's business is making and selling handcrafts.
View original language description ↓
Flor de María es una de los tres socios del grupo ella tiene la edad de 33 años, casada, con tres hijos de 12, 5 y 2 años, su negocio es la compra y venta de muebles desde hace 7 años, su esposo es quien le ayuda a darle el acabado final a los muebles ya que ella los compra rústicos. Tiene de ser cliente de la institución 1 año y medio. Invertirá nuevamente en la compra de juegos de sillas mecedoras, camas unipersonales, matrimoniales, tocador, comedor, etc. Blanca tiene 36 años su negocio es un taller de mueblería y Larry su negocio es la elaboración y venta de artesanía.

Previous Loan Details

This group consists of three enterprising and hardworking members. One of them is Flor, a 33-year-old woman who is married and has three daughters. She has been in the business of selling furniture for six years. Flor has been a borrower with ADIM for one year. She travels to the northern par... More from Flor Silvestre 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
  • 41
    View loans »
    Nicaragua Loans Fundraising
  • $26,410,775
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor Silvestre Group's $1,750 loan helped a member to invest once again in the purchase of sets of rocking chairs, single and double beds, dressing tables, dining room sets, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 15, 2013
Nov 17, 2013
Currency Exchange Loss:
Apr 16, 2014