Check out some available loans that are similar to this one!
Marenco Group
In this Group: Celania De La Asunción , Patricia Lucia, Josefa Leonarda
The Marenco group is made up of three hard-working women. One of them is Josefa Leonarda E., 54, who is a seamstress; she has made shirts, dresses, etc. since 1980. She will use the loan to buy materials like fabric, thread, buttons, etc. to increase her business.

Her fellow group members are: Lucia A. Espiniza who has been a seamstress since the age of 14 and Asunción C. Marenco who has worked in textiles and dressmaking since she was 18 years old and learned to embroider from some neighbors; since then she has been perfecting her work with new techniques and trends. She promotes her work at national markets, patron saint feast days, cruises and very soon, God permitting, international markets.
View original language description ↓
El grupo Marenco está integrado por tres mujeres trabajadoras una de ellas es Josefa Leonarda E. de 54 años quien se dedica a realizar costura como camisetas, vestidos etc. desde 1980. Ella con el préstamo compra materiales como telas, hilos, botones etc. para aumentar su negocio.

Sus compañeras de grupo son Patricia Lucia A. Espiniza quien a la edad de catorce años empezó a realizar trabajos de costuras y Celania de la Asunción C. Marenco trabaja en Textil y vestuario desde la edad de 18 años cuando aprendió abordar con unas vecinas y el cual ha ido perfeccionando con nuevas técnicas y tendencias. El trabajo de ella lo promueve a través de Ferias Nacionales, Fiestas Patronales y cruceros y muy pronto si Dios se lo permite llegara las ferias internacionales.

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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Marenco Group's $700 loan helped a member to buy materials like fabric, thread, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2010
Listed
May 6, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010