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Chiltoma Group
In this Group: María, Veronica, Teresa Del Carmen

Update on Chiltoma Group

The Chiltoma group is made up of three successful, entrepreneurial women, one of whom is María Elena. María Elena is 48 years old and makes a living selling corn-based foods and chickens. She prepares her food dishes in her home and then sells them in the market in Masaya. María Elena has been a member of the community bank for two years and has been working at her business for one year.

With the support from this loan, María Elena plans to purchase input materials for making and packaging her corn-based dishes, including: corn, sugar, wood, leaves, plastic bags, etc. The other two groups members are Teresa, who is 42 years old and makes a living selling starch, and Verónica, who is 38 years old and makes a living selling corn-based nacatamales.
View original language description ↓
Grupo formado por tres socias microempresarias de éxito una de ellas es María Elena, soltera, tiene 48 años su negocio es la venta de derivados del maíz y venta de gallina, sus productos los comercializa en su domicilio y en el mercado de Masaya desde hace 1 año, tiene de ser cliente de la institución 2 años. El crédito lo solicita para la compra de materia prima como maíz, leña, azúcar, hojas, bolsas de gabacha, etc. Teresa mujer de 42 años su negocio es la venta de almidón y Verónica mujer de 38 años su negocio es la venta de nacatamales.

Previous Loan Details

The Chiltoma group is made up of three hardworking and entrepreneurial people. One of them is María Elena, who sells corn-based foods like nacatamales, tamales, yoltamal... etc. (traditional Honduran specialties made of cornmeal with spices and meats steamed in corn husks or palm leaves). This ... More from Chiltoma 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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,767,775
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Chiltoma Group's $1,400 loan helped a member to purchase materials for her business, including corn, sugar, wood, leaves, plastic bags, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 26, 2013
Currency Exchange Loss:
Apr 16, 2014