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Yiyo Group
In this Group: Olga Marina, Maritza, Iveth
The Yiyo Group is made up of three hard-working and spirited women. One of them is Olga Marina L., who has been selling firewood for six years. She has a goal of investing in other businesses, such as a small store.

The other members of the Yiyo Group are Iveth L., who has been selling clothing for 5 years, and Maritza O. L., who has been selling bread for four years.
View original language description ↓
El grupo Yiyo está con formado por tres mujeres trabajadoras y esforzadas una de ellas es Olga Marina L. vende leña desde hace 6 años. Ella tiene la meta de invertir en otros negocios como una pequeña venta.

Las otras integrantes del grupo son Iveth L. comercializa ropa hace 5 años y Maritza O. L. vende pan desde hace 4 años.

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
  • $23,617,600
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Yiyo Group's $1,025 loan helped a member to buy firewood to resell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011