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Mi Jardin Group
In this Group: Alberto , Maria , Angela Del Socorro
The Mi Jardín (My Garden) Group is comprised of hardworking, enterprising people. The group coordinator is Mr. Alberto Hernández Chavarria, who started out as a taxi cab driver. However, due to his determination to grow as a person, he was able to obtain his own vehicle. He will invest this loan in taxi cab maintenance so that it can keep functioning properly, thus avoiding accidents.
His fellow group members are María Isabel C. Rodríguez, who sells clothing and cosmetics, and Ángela del Socorro López, who has a tortilla factory.
View original language description ↓
El grupo el Jardín lo integran personas trabajadoras, esforzadas y emprendedoras. El coordinador de dicho grupo es el señor Alberto Hernández Chavarria quien comenzó siendo chofer de un taxi pero sus deseos y determinación de ir creciendo lo ayudaron a lograr tener su propio vehículo. El invertirá el crédito en mantenimiento para el vehículo ya que estos lo requieren para su funcionamiento adecuado y evitar posibles accidentes.

Sus compañeras de grupo son María Isabel C. Rodríguez quien comercializa ropa y cosméticos y Ángela del Socorro López tiene una tortillería.

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
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 21.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Jardin Group's $900 loan helped a member taxi cab maintenance.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2010
Listed
Mar 4, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010