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Venus Group
In this Group: Ligia Del Socorro, Christian Argentina, Margarita De Jesús , Nuejara María
The Venus Group is comprised of four working women. One of them is Christian Argentina S. Mendoz who began selling food four years ago with her mother. With the help of loans that they invested in hamburgers and liquor, their liquor business is doing very well.

22-year-old Christian’s goal is to increase their business by using the loan to purchase liquor and to support her studies to become a secretary.

The other members of the group are Ligia del Socorro P. P., clothing merchant, Nuejara María G. Berrio, clothing seller for two years, and Margarita de Jesús M., distributor for cosmetics such as Avon, Romamel, Safiro, and Arabela.
View original language description ↓
El grupo Venus está conformado por cuatro mujeres trabajadoras una de ellas es Christian Argentina S. M. quien hace cuatro años inicio con la venta de comida junto con su madre y por medio de los préstamos invirtió en hamburguesas y licor negocio en el que le va muy bien.

Esta joven de 22 años tiene la meta aumentar su negocio por lo cual con el crédito piensa surtir especialmente en licor y estudiar secretariado.

Las otras integrantes del grupo son Ligia del Socorro P. P. comerciante de prendas, Nuejara María G. Berrio vende ropa desde hace dos años y Margarita de Jesús M. distribuidora de productos Avon, Romamel, Safiro y Arabela.

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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Venus Group's $1,050 loan helped a member to purchase liquor.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2010
Listed
Sep 2, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011