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Barrio Loco Group
In this Group: Clara Isabel, Claudia Veronica, Carlos Antonio
Clara Isabel García Z., 32, Claudia Verónica E. R., 34, and Carlos Antonio Hernández F., 27, are the members of “Barrio Loco” (Crazy Neighborhood) communal bank.

Clara, group Coordinator, sells AVON products and new and used clothing three days a week. She has a set route that she covers each time with small, one or two block detours, to get new customers. She just started half a year ago; she used to be a housewife but due to the economic situation she decided to find work in the free zone and was there for almost a year. This young 32-year-old gets help with her activities from her 15-year-old daughter. Her goal is to see her five children succeed.

Claudia sells ESKIMO products from home; she also sells perfumes that are sometimes ordered from her.

Carlos is a bricklayer and also sells ESKIMO products from home where he also sells meats.

These are three examples of tenacious people who seek different economic activities to attain a better quality of life for their respective homes.
View original language description ↓
El grupo solidario Barrio Loco se encuentra integrado por Clara Isabel García Z. de 32 años, Claudia Verónica E. R. de 34 años y Carlos Antonio Hernández F. de 27 años. Clara, quien es la coordinadora, se dedica a la venta de productos AVON y de ropa nueva y usada 3 días a la semana, ella vende ambulante pero ya tiene una ruta marcada la cual recorre en cada ocasión con pequeños cambios de una o dos cuadras para captar nuevos clientes. Ella inició hace apenas medio año a dedicarse a esto; antes era ama de casa pero por la situación económica decidió buscar trabajo en la zona franca y estuvo ahí por casi un año. Esta joven mujer de 32 años recibe ayuda de su hija mayor de 15 años en sus actividades comerciales y su meta es ver triunfadores a sus 5 hijos.

Claudia, vende productos ESKIMO en su casa de habitación, así mismo vende perfumes los cuales muchas veces son encargados. Carlos, es albañil y también vende productos ESKIMO en su casa, así mismo en su hogar vende carnes. Este es el ejemplo de tres personas luchadoras que buscan distintas actividades económicas para lograr llevar una mejor calidad de vida a sus respectivos hogares.

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
  • 112
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Barrio Loco Group's $450 loan helped a member to buy merchandise.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2010
Listed
Sep 7, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010