Santa Martha Group
Jazmina is the group coordinator. She makes hojuelas (pancakes or crepes) made of flour and sells them throughout the region. When she was 9 years old, her aunt taught her how make this dish. As she got older, she saw this as an opportunity to help her husband (who works in a bakery) with the household expenses.
Jazmina intends to use her loan to purchase larger quantities of ingredients so that she can also sell her products in the Masaya area and increase her revenue.
The Santa Martha Group has already had 12 previous loans with ADIM over a 3 year period. They have learned to be supportive of one another and work hard to maintain their credit.
María del Rosario has a grocery store. Lidia works as a seamstress making children’s clothing, but she also sells tortillas to meet her household expenses. Doña María Antonia makes and sells hojuelas just like Jazmina.
Jazmina es la coordinadora del grupo, ella elabora hojuelas a base de harina y las vende en su comarca, su oficio lo aprendió desde que tenía 9 años, cuando su tía le enseño a elaborar este tipo de productos, al llegar ella a una edad mayor se caso y decidió seguir realizándolas para ayudar a su esposo, quien trabaja en una panadería, con los gastos del hogar.
Jazmina pretende invertir su crédito en la compra de mayor cantidad de productos para poder vender también en la zona de Masaya y ampliar sus ingresos.
El grupo Santa Martha lleva ya 12 ciclos con ADIM, y a lo largo de estos 3 años han aprendido a ser solidarias y esforzadas en el crédito que mantienen activo.
María del Rosario tiene una pulpería, Lidia trabaja como costurera, elabora vestidos de niños y también vende tortillas para solventar el gasto del hogar y doña María Antonia trabaja en la elaboración de hojuelas al igual que Jazmina.
About ADIMLocated 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.
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Success!! The loan was 100% repaid