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El Progreso Group
In this Group: Danelia Del Socorro, Teresa De Jesús , Roberto Carlos
The 'El Progreso' group is made up of Danelia del Socorro O., Teresa de Jesús C. S. and Roberto Carlos C. S., all of whom have worked arduously in agriculture from a very young age.

The coordinator of the group is Danelia O., 36, who has worked the land for 12 years with the support of her husband and her grown up children who are 21, 19, 17, 15 and 13 years of age. She will use her loan to purchase fertiliser, pruning shears and seeds to improve her production when it comes time to sow.
View original language description ↓
El grupo El Progreso está integrado por Danelia del Socorro O., Teresa de Jesús C. S. y Roberto Carlos C. S. quienes se dedican a la agruicultura trabajo arduo que aprendieron desde muy jovenes.

La coordinadora del grupo es Danelia O. quien desde hace 12 años trabaja la tierra con el apoyo de sus esposo y sus hijos mayores de 21, 19, 17, 15 y 13 años. Está señora de 36 años con el préstamo invertira en la siembra con la compra de abono, podada y semillas para mejorar la producción.

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

  • $4,800
    Average annual income
  • 92
    View loans »
    Nicaragua Loans Fundraising
  • $24,769,675
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $500 loan helped a member fertiliser, seeds and pruning shears.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2010
Listed
Apr 27, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011