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Hossana Group
In this Group: Ana María , Socorro , Patricia
The Hosana group consists of Ana A. who has a small store, Socorro B. sells cosmetics and clothing and Patricia sells clothing. They wish to start the new year with work, strength and hope of continuing working in order to grow their businesses. For this reason they will work hard from the first days of the new year.
View original language description ↓
El grupo Hosana integrado por Ana A. quien tiene una pulpería, Socorro B. vende cosméticos y ropa y Patricia comercializa ropa. Ellas desean iniciar el nuevo año con trabajo, fuerza y la esperanza de seguir laborando para que sus negocios crezcan. Es por está razón que ellas desde los primeros días de este año trabajaran arduamente.

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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $23,617,600
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Hossana Group's $675 loan helped a member buy basic needs items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 30, 2009
Listed
Jan 2, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2010