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Odelia Group
In this Group: Luisa Amanda, Yessenia Del Carmen , Aurora Antonia

Update on Odelia Group

This group is comprised of three women entrepreneurs. One of them is Aurora, who is 44 years old, and married. She has been selling food such as soup on week-ends, cooked broad beans, and traditional dish 'vigorón' for the past year. She runs her own business. She will use the loan to buy the ingredients she needs, such as yuca, pork rinds, salt, broad beans, etc. The other two members are Yessenia, 33, who sells tortillas and fried food, and Luisa, 28, who sells clothes for adults and children, cosmetics, etc.
View original language description ↓
Este grupo está formado por tres socias emprendedoras una de ellas es Aurora mujer de 44 años de edad, acompañada, su negocio es la venta de comida como sopas los fines de semanas, frijoles cocidos, vigoron etc. desde hace un año, el crédito lo invertirá en la compra de materia prima como yuca, chicharrón, sal, frijoles crudos, ella misma atiende su negocio. Yessenia tiene 33 años su negocio es la hecha y venta de tortilla y fritanga los fines de semanas, Luisa tiene 28 años de edad su negocio es la mercadería en general como ropa de adulto, ropa de niño, cosméticos etc.

Previous Loan Details

This group is comprised of three women entrepreneurs. One of them is Yessenia, who is 32 years old, married, and has four children aged 12, 11, 9, and 6. She has been selling tortillas and used clothing at her house for 5 years. Her children help her run her business. She has been a client of the... More from Odelia 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
  • $26,366,175
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Odelia Group's $475 loan helped a member to buy ingredients to make food to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 23, 2014
Feb 18, 2014
Currency Exchange Loss:
Aug 17, 2014