Check out other loans that are currently fundraising!
Colirios Group
In this Group: Patricia Del Carmen , Sonia Dalia , Nohemi De Los Angeles

Update on Colirios Group

This group is formed by three hardworking partners. One of them is Nohemi, who is 28 years old, married, and has a son under her care. Her one year old business is the sale of pastries. In that time she has been a client of this institution showing responsibility in her payments. The loan is requested to buy "picos" (sweet pastry goods) and "empanadas" (turnovers) at wholesale prices. Patricia is 39 years old and has a business in which she sells piñatas. Sonia is 27 years old and has a business in which she sells cosmetic items and pastries.
View original language description ↓
Este grupo lo forman tres socias trabajadoras y luchadoras una de ellas es Nohemí tiene 28 años, casada, con un hijo bajo su responsabilidad, su negocio es la venta de repostería desde hace un año, tiempo en cual lleva siendo cliente de la institución también demostrando responsabilidad en sus pagos. El crédito lo solicita para la compra de picos y empanadas al por mayor. Patricia tiene la edad de 39 años su negocio es la venta de piñatas, Sonia tiene 27 años se dedica a la venta de cosméticos y repostería.

Previous Loan Details

This group consists of four enterprising members. One of them is Felix. He is 22 years old, single, and has been selling various types of shoes for four years. His loan will be invested in the purchase of children’s shoes, sports shoes, and other products. Patricia is 39 years old and ha... More from Colirios 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
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Colirios Group's $975 loan helped a member to buy "picos" (sweet pastry goods) and "empanadas" (turnovers) at wholesale prices.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 18, 2013
Jan 18, 2014
Currency Exchange Loss:
Jun 17, 2014