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Los Jovenes Group
In this Group: Denis Alfonso, Huberne Antonio, Fabiola De Los Angeles

Update on Los Jovenes Group

This group is coordinated by Denis, who is 24 years old. He is a carpenter, repairing furniture and making furniture, with his dad as his main helper. With his previous loans he has bought machines for his business such as a hand-held circular saw and a drill. He has made big improvements to the workshop and this motivates him to continue with another loan to buy raw materials such as wood.

The group also consists of Huberne, who is 29 years old and buys and sells vegetables, perishable goods and other items, and Fabiola who is 22 years old and sells new clothing around the local area.
View original language description ↓
Coordinado por el señor Denis con 24 años, soltero se dedicada a Ebanistería elaborando y reparando muebles, siendo de principal ayuda para elaborarlos el papá, con los créditos anteriores a obtenido máquinas para el mismo negocio como es una circular de mano y un taladro, las mejoras de este taller son notorias, lo que le motiva seguir prestando para la inversión de materia prima como es la madera. también el grupo conformado por el socio Huberne con 29 años de edad dedicado a la compra y venta de verduras y perecederos entre otros, además integrado además por la señora Fabiola de 22 años la cual comercializa ropa nueva en la comunidad.

Previous Loan Details

This group consists of three hard working members. One of them is Denis, who is 23 years old and is single. He has made a living running a furniture workshop for the past 4 years. He is requesting this loan in order to buy wood, paint thinner, screws and files to make double and single beds, dini... More from Los Jovenes 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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Jovenes Group's $1,300 loan helped a member to buy different types of wood as raw materials, such as cedar and mahogany.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Feb 28, 2014
Mar 18, 2014
Currency Exchange Loss:
Aug 17, 2014