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San Pedro Group
In this Group: Vierginia Azucena, Norlan Rebeca , Yeni Del Socorro
The San Pedro group is made up of three hard working, dedicated, enterprising people. One of them is Virginia Velázquez. Eight years ago she started selling soft drinks and juices and now sells cosmetics. She is both mother and father to a 19-year-old son who is in his last year of middle school.

The other group members are Jeni C. Valberde and Norlan C. both of whom are raw chicken merchants. They will use the loan to invest in their business to continue forward.
View original language description ↓
El grupo San Pedro lo conforman tres personas trabajadoras, esforzadas y emprendedoras una de ellas es Virginia Velázquez quienes hace ocho años inicio con la venta de gaseosas y jugos actualmente comercializa cosméticos. Ella es madre y padre de joven de 19 años el cual está en su último año de secundaria.

Los otros integrantes de grupo son Jeni C. Valberde y Norlan C. ambos se dedican al comercio de pollo crudo. Ellos con el préstamo invertirán en su negocio para seguir adelante.

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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of San Pedro Group's $375 loan helped a member for cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2010
Listed
Jul 23, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010