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Luz Del Sol Group
In this Group: Brenda Del Carmen , Meyling Auxiliadora , Heylen Eliet, Melania Del Carmen

Update on Luz Del Sol Group

This groups is made up of four members. One of them is Heylen who is 25 years old and single. Her business has been selling shoes, garments and clothing for the past five years. She and her sister take care of the business. She has been a member of the ADIM for four years. Heylen needs a loan to buy new clothing of all styles and brands like pants,. shirts, blouses, shorts, suits, sport shirts, dresses etc.

Meyling is 33 and her business is selling new and used clothing. Brenda is 37 and she sells cosmetics, children's clothing, underwear and sandals. Melania is 54 and she sells clothing, etc.
View original language description ↓
El grupo lo conforman cuatro socias una de ellas es Heylen de 25 años de edad, soltera, su negocio es la venta de variedades como zapatos, prendas y ropa desde hace 5 años, su hermana y ella atienden el negocio. Es cliente de la institución desde hace 4 años. El credito lo requiere para la compra de inventario de ropa nueva de todo estilo y marca como es pantalones, camisas, blusas, shores, trajes, camisolas, vestidos, etc. Meyling tiene 33 años su negocio es la venta de ropa nueva y usada, Brenda mujer de 37 años su negocio es la venta de cosméticos, ropa de niño, ropa interior y sandalias. Melania tiene 54 años su negocio es la venta de variedades.

Previous Loan Details

This group is made up of four enterprising members. One of them is Heylen, 24. She's single and has made a living for five years selling clothing and Avon cosmetics as a street vendor, on order, and on credit. She'll invest the loan in buying clothing such as men's pants, women's pants, men's ... More from Luz Del Sol 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
  • $26,418,100
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Del Sol Group's $2,525 loan helped a member to buy new clothing of all styles and brands, like pants, shirts, blouses, shorts, suits, dresses, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Nov 22, 2013
Dec 20, 2013
Currency Exchange Loss:
Jul 17, 2014