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Restauración Group
In this Group: María Luisa , Eddy José , Angela María
Photograph from left to right: Angela Maria U. Ramirez, Eddy Jose E. Calderon, y Maria Luisa Pavon Sanchez.

This is the united group Restauracion (Restoration), made up by:

Mrs. Maria Luisa who is in the sale of merchandise such as purses, wallets, calculators, compact discs, etc.

Mr. Eddy Jose E. is the coordinator of the group, elected by the members for this cycle. He sells merchandise in the market and in his house he sells basic grains which is attended to by his wife, activities they have engaged in for several years.

Doña Angela Maria U. is the final member of the group, and she makes and sells tortillas in her house in the afternoon and in the morning she sells bread, coffee, and milk in the municipal market. She has two school age children who help her sell in the house and go to the closest school. Her husband helps her with the household expenses by working in Costa Rica and sending money. She dreams of growing her business to move forward and to be able to have a spot in the market and not sell on the street but in just one stand and to offer complete breakfasts. With the loan she will buy inventory such as milk, coffee, sugar, corn, and firewood.

This group is from the city of Masaya, responsible, and semiliterate, but with a strong desire to overcome. These people pay their loan every Monday which is the best day to pay, after the weekend when the sales are the best.

They work with Adim because one of the clients became excited to become a member of a united group and therefore formed the group with two nearby friends and obtained a loan. They are happy because they feel like the institution believes in them and they express that they plan to be prompt in their payments.
View original language description ↓
Foto De izquierda a derecha: Angela María U. R., Eddy José E. C. y María Luisa P. S..

Este es el grupo solidario Restauración, conformado por las señoras María Luisa, quien se dedica a la venta de truchas, que son productos variados como : carteras, billeteras, calculadoras, discos , etc. El señor Eddy José E. es coordinador del grupo, las integrantes lo eligieron como coordinador por este ciclo, quien vende truchas en el mercado y en su casa vende granos básicos, esta parte la atiende su esposa, tienen varios años de dedicarse a estas actividades.
Doña Angela María U. es la ultima integrante de este grupo, ella hace y vende tortillas en su casa por las tardes y por las mañanas vende pan, café y leche en el mercado municipal. Tiene dos niños en edad escolar, ellos le ayudan a vender en la casa y van a la escuela más cercana, su esposo le ayuda con el gasto, está trabajando en Costa Rica y le envía remesas para que se ayude con los gastos del hogar. Ella sueña crecer en su negocio para salir adelante y poder tener un tramo en el mercado y no vender ambulante sino en un solo puesto y ofrecer desayunos completos, con el crédito compró inventario como leche, café, azúcar, maíz y leña.

Este grupo es originario de la ciudad de Masaya, responsables, y semi-analfabetas, pero con muchos deseos de superación. Estos señores abonan todos los Lunes, es el mejor día para abonar, después del fin de semana que las ventas son mejores.


Trabajan con Adim porque una de las clientas le animó que se integrará en un grupo solidario, así ella conformó su grupo con dos amigas cercanas y obtuvo el préstamo. Están contentos porque sienten que la institución confía en ellas y expresan que se proponen a quedar bien en los pagos.

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.

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 20.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Restauración Group's $875 loan helped a member to purchase more items to offer to their customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2009
Listed
Apr 21, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009