Check out some available loans that are similar to this one!
Los Lopez Group
In this Group: Felix Elena, Ana Maria, Terencio Margarita
Félix Elena V. F., Ana María López B., and Terencio Margarito Martínez Hernández make up the community bank Los López. At 57, Elena, their coordinator, is the oldest of the group. She sells fruit and vegetables in the east market in Managua. She sells all her merchandise on a cash basis, and the instinct acquired in her 40 years of experience is what guides her to know what fruit to purchase to obtain the greatest profits.

For 6 years, Ana has made embroidery and sold it in the municipal market in the city of Masaya, which is also the business place of Tercenio, who is, in his own words, a craftsman of footwear.

These people want the best for their families, and to see their sons and daughters excel is their greatest dream.
View original language description ↓
El grupo solidario Los López lo integran Félix Elena V. F., Ana María López B. y Terencio Margarito Martínez Hernández. Elena, su coordinadora, con 57 años es la mayor del grupo y se dedica a la venta de frutas y verduras en el mercado oriental en Managua, toda su mercadería la vende al contado y el instinto adquirido en sus 40 años de experiencia es el que le guía para saber que fruta comprar para obtener el mayor beneficio.

Ana desde hace 6 años elabora bordados y los vende en el mercado municipal de la ciudad de Masaya, el cual también es lugar de comercio para Terencio quien es, según sus palabras, un artesano del calzado. Estas personas desean lo mejor para sus familias y ver superados a sus hijos e hijas es su mayor sueño.

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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,046,775
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Lopez Group's $850 loan helped a member buy merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2010
Listed
Aug 19, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011