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Honestidad Group
In this Group: Patricia Del Socorro, Elsa Marina, Leonecia, Reyna Isabel
The solidarity group “Honestidad” (Honesty) consists of four hardworking and dedicated women. Doña Patricia del Socorro E. M., the group coordinator, has a store where she sells different kinds of merchandise such as candy, medicines, soft drinks, canned goods, personal hygiene products, and other items. Elsa Marina L. Rodríguez sells food, soft drinks, and soups from her home. Leoncida E. sells tortillas and cooked beans. Reyna Isabel sells used clothing as a street vendor.


These women will use this loan to increase their operating capital so that they can make their businesses stronger.

View original language description ↓
El grupo solidario Honestidad se encuentra conformado por cuatro mujeres trabajadoras y esmeradas, su coordinadora, doña Patricia del Socorro E. M. tiene una pulpería con muchos rubros de distintas clases como golosinas, medicamentos, refrescos, enlatados, artículos de uso personal e higiene, entre otros. Elsa Marina L. Rodríguez vende en su casa, comida, refrescos y sopas; Leoncida E. vende tortillas y frijoles cocidos; y Reyna Isabel vende ropa usada de manera ambulante. Estas mujeres utilizarán el dinero del crédito para aumentar su capital de trabajo y volver más fuertes sus negocios.

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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Honestidad Group's $1,075 loan helped a member operating capital to acquire more merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2010
Listed
Aug 19, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011