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Damasco Group
In this Group: Ivania De Carmen, Claudia , Emerita
The "Damasco" group is made up of 3 enterprising, dedicated and hardworking women. One of these is Ivania del Carmen Dávila, who has had a small restaurant for 5 years, where she sells fried food every day. On the weekends she also makes nacatamales (a special type of large tamale typical of Nicaragua) and sells clothing via advance orders.

The other members are Claudia R., who sells clothing, and Emerita M., who has been selling all types of clothing for 10 years. They will invest the loan in the purchase of merchandise, particularly for the horse parades and art festivals.
View original language description ↓
El grupo damasco está integrado por tres mujeres trabajadoras, esforzadas y emprendedoras una de ellas es la señora Ivania del Carmen Dávila desde hace cinco años de lunes a domingo tiene una pequeña fritanga, restaurante popular que consiste en comida frita, los fines de semana realiza nacatamales y comercializa ropa por encargo.
Las otras integrantes son Claudia R. comerciante de ropa y Emerita M. quien desde hace 10 años vende ropa de todo tipo. Ellas invertirán el crédito en la compra de mercadería especialmente por las hípicas y microfer.

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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Damasco Group's $850 loan helped a member to buy meat, staple grains, cooking oil, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2010
Listed
Jul 25, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011