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240003211 Group
In this Group: Jovana Del Socorro, Luis , Catalina
Jovana is 33 years old, Catalina is 30 years old, and Luis is 52 years old. They make up the Mystic Rose Group. This group has been working with ADIM for 4 years, and that has permitted them to initiate their businesses.


Jovana sells “fritanga” from her home – a "fritanga" is the popular restaurant par excellence in Nicaragua. This consists of selling foods that are simply cooked over a grate. Generally, these are bought for supper. Jovana is the group's coordinator and what she desires most is to improve her place of business and to keep on working for her family.


Meanwhile, Catalina has a small grocery store that carries basic grains such as rice, beans, oil, sugar, corn, sweets, snacks, soap, detergent and bleach, among other things. And Luis sells gold gifts from his house and by special order.

View original language description ↓
Jovana del SocorroS. Mejía de 33 años, Catalina M. de 30 años y Luis M. de 52 años conforman el grupo Rosa Mística. Este grupo tiene cuatro años de trabajar con adim lo que le permitió iniciar con sus negocios.

Jovana S. vende fritanga en su hogar, la fritanga es un restaurante popular por excelencia en Nicaragua. Este consiste en la venta de alimentos fritos, que están preparados solo para poner en la parrilla, por lo generar se comprar para la cena. S. es la coordinadora del grupo y lo que más desea es mejorar el local de su negocio y seguir trabajando por su familia.

Mientras Catalina M. tiene una pequeña pulpería surtida con granos básicos como arroz, frijoles, aceite, azúcar, maíz y dulces, chiverías, jabón, detergente y cloro entre otros. Y Luis M. vende prendas de oro en su casa y por encargo.

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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of 240003211 Group's $975 loan helped a member tO BUY MEAT, PLANTAINS, CABBAGE, TOMATOES, CARROTS FOR COOKING.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2009
Listed
Sep 28, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010