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Los Canastitos Group
In this Group: María De Los Ángeles , Rosa Adela , Ana Julia
The Canastitos Group originates from the city of Monimbó-Masaya, which is located one league (about 3 miles) away from Masaya. Of all the populations that descended from the Chorotega group, only the Monimbó have been able to maintain their ethnic identity over time. This is evident in the production of handcrafts made of palm leaves and leather which are rooted in folklore.


Doña María de los Ángeles is the group coordinator. She is 39 years old and works as a seamstress. She started her business several years ago when she left the Franca District, where she worked previously. Using the settlement payment from her old employer, she decided to buy a sewing machine so that she could open her own tailoring workshop.


She will use her loan to purchase materials and gradually expand her workshop. Her children will be able to work and study at the same time in order to get ahead.


Doña Rosa Adela T. works from home preparing and selling meals and beverages. Doña Ana Julia S. also works from home as a seamstress.

View original language description ↓
El grupo los Canastitos es originario de la Ciudad de Monimbó-Masaya; cuyo poblado está situado a una legua de Masaya. De todas las poblaciones que eran grupos chorotegas, sólo Monimbó ha mantenido la identidad étnica a través de tiempo. Se destaca por su producción de artesanías en palma y en cuero y por su raíz Folklórica.

La coordinadora del grupo es doña María de los Ángeles de 39 años de edad, trabaja en costura, negocio que inició hace varios años cuando se salió de de la Zona Franca, donde había trabajado, y con su liquidación decidió comprar una máquina de coser para iniciar su propio taller de costura.

Su crédito lo requiere para invertir en la compra de materiales y poco a poco ir ampliando su taller, y que de esta manera sus hijas aprendan a trabajar y puedan estudiar valiéndose de ésta herramienta para salir adelante.

Doña Rosa Adela T. trabaja en la elaboración de comidas y frescos en su casa y doña Ana Julia S. trabaja como costurera en su hogar.

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

  • $3,636
    Average annual income
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 20.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Canastitos Group's $650 loan helped a member purchase materials in order to increase output.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2009
Listed
Aug 19, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010