Santa Lucia Group
It was then, at the end of 2005, that C. started her small bookstore and later, in order to grow it, she began borrowing and invested the money in her clothing and cosmetic business. She will use the money from this loan to buy packs of clothing and cosmetics, as this is her busy season and these products are in high demand.
Her fellow members are Idalia U. who sells soft drinks, food, and cosmetics; Karla C., age 21, who began selling nacatamales, a typical dish normally enjoyed on the weekends, 2 ½ years ago in order to pay for her tuition for nursing school; and Heysell Carolina C. who sells cosmetics.
Es entonces que C. instala su pequeña librería a finales del 2005 y luego para aumentarlo empezó a prestar con lo cual luego de un tiempo invierte en otro negocio que es en ropa y cosméticos. Ella con el préstamo comprara pacas de ropa y cosméticos ya que en esta época son los productos que tienen mayor demanda.
Sus compañeras son Idalia U. quien vende frescos, gaseosas, comida y cosméticos; Karla C. de 21 años la cual para poder costear sus estudios y lograr ser una enfermera empezó hace dos años y medio a vender nacatamales, platillo típico que se consume generalmente los fines de semana y Heysell Carolina C. vende cosméticos.
About ADIMLocated 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.
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Success!! The loan was 100% repaid