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El Buen Progreso Group
In this Group: Blanca, Miriam Del Carmen, Olga De La Cruz
The “Buen Progreso” (Good Progress) communal bank has prevailed for a long time. There have been many changes through the years. The group is currently comprised of Blanca López E., Miriam del Carmen D. T., and Olga de la Cruz Arroyo C..

Blanca has been the coordinator for two years. She is a hard-working and dedicated 34 year old woman. She has been buying and selling different fruit crops for seven years. She is single. She devotes herself to selling tamarind and “nancite” (a Nicaraguan berry). She prefers to sell in the market in the Mayasa municipality.

Miriam and Olga are mature women, 51 and 57 years old respectively. The first one sells cosmetics in an iterant manner in her community and the Masaya market. On the other hand, Olga sells “nacatamales” (a traditional Central American dish similar to a tamale) in her house. However, her main activities are butchering pigs and selling firewood.

These three women have great strength and the desire to excel in spite of the adversities they have faced. They will use the loan to buy new supplies in order to increase their working capital.
View original language description ↓
El Buen Progreso es un grupo solidario de larga trascendencia, pero a su vez de muchos cambios a través de su historia. Actualmente se encuentra conformado por Blanca López E., Miriam del Carmen D. T. y Olga de la Cruz Arroyo C..

Blanca, quien es su coordinadora desde hace 2 años es una mujer trabajadora y esforzada de 34 años que se dedica a la compra/venta de cosechas de distintas frutas desde hace 7 años. Ella es soltera y se dedica a comercializar las compras de Tamarindo y Nancite preferiblemente en el mercado municipal de Masaya. Miriam y Olga son mujeres maduras de 51 y 57 años respectivamente, la primera es comerciantes de cosméticos de forma ambulante en su comunidad y el mercado de Masaya; en cambio Olga vende nacatamales en su casa pero su principal actividad es destace de cerdos y la venta de leña.

Estas tres mujeres tienen una gran fortaleza y deseos de superación a pesar de las adversidades que han tenido. Ellas invertirán el crédito otorgado para la compra de nuevos insumos para aumentar su capital de trabajo.

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
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $23,669,925
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Buen Progreso Group's $525 loan helped a member buy supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2010
Listed
Aug 14, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011