Los Naranjos Group
The coordinator of the group is Abismael Arsenio M. M., who is hardworking, humble, optimistic, a fighter, and an exceptional father. He just became widowed this past December but he has been able to recover from this loss for two beautiful reasons – his daughters, one of which is 4 years old and the other is 3 months. He also has the unconditional support of his wife’s family.
He is 36 years old and works from sunrise to sunset as a collector in the mayor’s office of Masaya, and in the evenings, he works at his tailor’s shop with the objective of helping his family to succeed. He wants to increase his earnings and continue investing in his business with the purchase of raw material such as fabrics, threads, buttons, and other materials.
The other two group members are Francisca Teodora Velázquez López, who is 62 years old and has been selling vegetables in the Masaya market for the past thirteen years, and Lino Nemecio Velásquez López, who is 41 years old and is a traveling vegetable merchant in the oriental market.
Both want to invest their loan in the purchase of vegetables such as yucca, chayote, ayote, pipián, carrots, etc.
El coordinador del grupo es el señor Abismael Arsenio M. M. una persona trabajadora, humilde, optimista, luchadora y padre excepcional. El acaba de enviudar en este pasado diciembre pero se ha sabido recuperarse de esta pérdida principalmente por dos hermosas razones sus hijas una de cuatro años y otra de tres meses. Además cuenta con el apoyo incondicional de la familia de su esposa.
Este señor de 36 años trabaja de sol a sol en la alcaldía de Masaya como cobrador y por las tardes a tiende su sastrería con el propósito de sacar adelante a su familia. Este desea aumentar sus ganancias y seguir invirtiendo en su negocio con la compra de materia prima como telas, hilos, botones entre otros materiales.
Los otros dos integrantes del grupo son Francisca Teodora Velázquez López de 62 años que desde hace trece años trabaja vendiendo verduras en el M. de Masaya y Lino Nemecio Velásquez López de 41 año quien es vendedor ambulante de verduras en el M. oriental.
Ambos desean invertir su préstamo en la compra de verduras como yuca, chayote, ayote, pipián, zanahoria…etc.
About ADIMLocated 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.
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Success!! The loan was 100% repaid