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Nuevo Horizonte Group
In this Group: Adriana, María, José
The Nuevo Horizone (New Horizon) group is comprised of three hard-working, dedicated, and enterprising people.

Adriana is one of them. She is the 38 year old owner of a seamstress shop. She started her shop in 1993 with one sewing machine. She only made shirts and shorts. Now, she works with her husband who is a tailor. They specialize in pants, skirts, and shirts. They have five sewing machines, and their older children help them. She has four children; ages 19, 18, 17, and 15. The two youngest go to school.

Another member is María. She is 60 years old, and she has a small business selling “nacatamales” (steamed meat and vegetable pastry, cooked in banana or maize leaves). The other member is 58 year old José Marío. He is a farmer, and he buys and sells fruits.
View original language description ↓
El grupo Nuevo Horizonte está conformado por tres personas trabajadoras, esforzadas y emprendedoras una de ellas es la señora Adriana de 38 años propietaria de un taller de costura. En 1993 con una máquina de coser inicio su taller en el que solo realizaba camisas y chores en la actualidad junto a su marido quien es sastre se especializaron en pantalones, faldas y camisas, cuenta con 5 máquinas de coser y con la ayuda de sus hijos mayores.
Ella tiene cuatro hijos de 19, 18, 17 y 15 años de los cuales los dos menores estudian.
Los otros integrantes son María de 60 años quien tiene una pequeña venta y realiza nacatamales y José Marí de 58 años es agricultor y se dedica a la compra y venta de frutas.

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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,480,375
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Horizonte Group's $750 loan helped a member fabric.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2011
Listed
Mar 6, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011