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.
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.
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