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Orquidea Group
In this Group: Candida Paulina , Maria Auxiliadora, Angela Del Carmen
The Orquídea (Orchid) group is made up of three women who are from Masaya, known as the City of Flowers.

The group coordinator is Cándida Paulina Velázquez who, for the last 8 years, has had a nursery which has been growing and improving consistently. She will use the funds to buy roses, pines, cipresses, ferns, trellises, etc.

The other members are: María Auxiliadora G. Velázquez, who sells clothing and Ángela de Carmen G., who sells cosmetics. Both want their businesses to grow and develop.
View original language description ↓
El grupo Orquídea está integrado por tres féminas trabajadoras provenientes de Masaya conocida como Ciudad de la Flores. La coordinadora del grupo es la señora Cándida Paulina Velázquez quien desde hace 8 años tiene un vivero el cual ha ido creciendo y mejorando. Ella invertirá el crédito en la compra de rosas, pinos, ciprés, esqueletos, helechos…et.

Las otras integrantes son María Auxiliadora G. Velázquez quien vende ropa y Ángela de Carmen G. vende cosméticos. Ambas desean que sus negocios crezcan y se desarrollen.

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
  • 86
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 21.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Orquidea Group's $500 loan helped a member to buy plants like: roses, cypresses, pine, ferns, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2010
Listed
Mar 6, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010