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La Fe Group
In this Group: Meyling, Martha, Francisca
The Faith Group is composed of three hard-working and enterprising women. One of the members is Meyling Alelis G., 20, who has been selling cosmetics for the past three years. She started the business with Avon products, then invested in other brands as her business grew bit by bit. The other members of the group are Francisca Flores Calera, 31, who sells Avon products, and Martha Argentina Vásquez who has been selling clothing for two years.
View original language description ↓
El grupo la Fe lo conforman tres personas trabajadoras, esforzadas y emprendedoras una de ellas es Meyling Alelis G. de 20 años quien se dedica al comercio de cosméticos desde hace tres años. El negocio lo inicio con los productos Avon, luego invirtió en otras marcas y su negocio fue creciendo poco a poco.
Las otras integrantes son Francisca Flores C. de 31 años quien vende productos Avon y Martha Argentina Vásquez quien comercializa ropa desde hace 2 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

  • $4,800
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fe Group's $600 loan helped a member to buy cosmetics.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Apr 9, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2011