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Mi Barquito Group
In this Group: María, María, Rosa, Vilma, Engracia
The “Mi Barquito” (My Little Boat) group is comprised of María Luisa L. M., Rosa Emilia L., María Auxiliadora Rivas, Engracia M. Reyes, and Vilma C. Bonilla. They are five dedicated and hard-working women.

Mrs. L. M., age 36, is the coordinator of the group. She has had a small grocery store for four years, and she wishes to convert it to a general store. She started out selling sandals and shoes in order to get her three children ahead. Her children are 6, 9, and 12 years old, and they start classes soon.

Rosa L., age 32, has been selling cosmetics and shoes for three years. María Rivas sells Avon products in order to have an extra income in addition to her work. Engracia M. sells cosmetics and clothes. Vilma C. makes “nacatamales”, a typical dish made from pork. She also makes ices and ice cream.
View original language description ↓
El grupo Mi Barquito lo conforman María Luisa L. M., Rosa Emilia L., María Auxiliadora Rivas, Engracia M. Reyes y Vilma C. Bonilla cinco mujeres trabajadoras y esforzadas. La coordinadora del grupo es la señora L. M. de 36 años propietaria de una pequeña pulpería desde hace 4 años el cual desea convertir en una miscelánea.
Ella inicio vendiendo sandalias y zapatos para sacar a delante a sus tres hijos de 6, 9 y 12 años los cuales iniciaran pronto a clases.
Rosa L. de 32 años vende cosméticos y zapatos desde hace tres años, María Rivas vende productos Avon con el fin de tener un ingreso extra además de su trabajo, Engracia M. comercializa cosméticos y ropa y Vilma C. realiza nacatamales comida típica a base de cerdo, hielos y helados.

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
  • 117
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Barquito Group's $1,825 loan helped a member basic grains.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2011
Listed
Jan 28, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 16, 2011