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Verónica Group
In this Group: Yanett, Lisveth Del Socorro , Arlen Yesenia
The "Verónica" group is made up of three, hard-working women who go out very early in the morning every day to sell their products in order to provide their children with a better future. Yanett G., 23, has two youngsters; one, who is 8 years old, and one who is three. They are her motivation to go out into Managua's steets to sell perfumes. Lisveth del Socorro M. R., 27, sells clothing and shoes on order. Arlen Yesenia Medrano Avellan sells clothing.
View original language description ↓
El grupo Verónica está integrado por tres mujeres trabajadoras que salen todos los días desde tempranas horas a comercializar su producto para brindarles a sus hijos un mejor futuro.

Yanett G. de 23 años tiene dos pequeños uno de ocho años y otro de tres los cuales son su aliciente para salir a vender perfumes a las calles de Managua.

Mientras Lisveth del Socorro M. R. de 27 años vende ropa y zapatos por encargo y Arlen Yesenia Medrano Avellan vende ropa.

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Verónica Group's $725 loan helped a member to buy perfumes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2010
Listed
Jan 14, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010