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Luz Del Sol Group
In this Group: Heylen, Meyling, Brenda, Melania
The Luz del Sol (Light of the Sun) group is composed of four hard working women: Heylen E., Meyling Solís, Brenda T. & Melania O..

The group Coordinator is Miss E., 22, who has been selling silver jewelry items and clothing for two years with the firm goal to get ahead.

The other members of the group are Miss Solís, 30 who is a new and used clothing merchant and Miss T. who has a butcher shop but also sells clothes on order.
View original language description ↓
El grupo Luz del Sol está conformado por cuatro mujeres trabajadoras quienes son Heylen E., Meyling Solís, Brenda T. y Melania O.. La coordinadora del grupo es la joven E. de 22 años quien se dedica al comercio de prenda de plata y ropa desde hace dos años con el firme propósito de salir adelante.
Las otras integrantes son S. de 30 años comerciante de ropa usada y nueva, T. vende ropa y calzado y O. tiene una carnicería además vende ropa por encargo.

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
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Del Sol Group's $1,150 loan helped a member for silver jewelry articles and clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2010
Listed
Nov 29, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011