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El Laural Group
In this Group: Marlene Del Socorro, Jilma Del Carmen , Yalila Damaris , Darling Maria
Laural's group is formed by four women workers, strong and enterprising. The coordinator of the group is Señora Marlene del Socorro who since 2000 started selling clothing. To start of with it was small, but subsquently M., thanks to the loans, has been able to invest and better her business.

The other members of the group are Jilma del Carmen, who has worked making food and fried snacks since she was ten, Yalila Damaris, who sells used clothes and shoes, Darling María, who has a small bookstore and photocopier which is very good because it's the only one in the neighborhood.
View original language description ↓
El grupo el Laural está integrado por cuatro mujeres trabajadoras, esforzadas y emprendedoras. La coordinadora del grupo es la señora Marlene del Socorro quien desde el 2000 empezó a vender ropa este en un comienzo era poca pero según comento M. gracias a los prestamos ha podido invertir y mejorar su negocio.

Las otras integrantes del grupo son Jilma del Carmen la cual se dedica a realizar comidas y fritangas desde hace diez, Yalila Damaris comercializa ropa usada y zapatos, Darling María tiene una pequeña librería y fotocopiadora la cual es muy buena porque es la única en el barrio.

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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $23,671,175
    Funds lent in using Kiva
  • 21.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Laural Group's $1,350 loan helped a member to buy clothing merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2010
Listed
Feb 23, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010