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El Museo Group
In this Group: Ileana, Flor , Joaquina
The 'Museo' (Museum) group is made up of three hard-working and entrepreneurial women from Managua. The group's coordinator is 32 year-old Ileana Z. Chavarría, who started selling soft drinks and food five years ago. With her profits, she set up a small sales location. She will invest her loan in her business, buying basic grains, meat, etc.

The other members of the group are 58 year-old Flor de María S. who has owned a tortilla bakery for seven years, and 50 year-old Joaquina Avilés Gonzales who has owned a grocery store for three years.
View original language description ↓
El grupo Museo lo conforman tres mujeres trabajadoras y emprendedoras originarias de Managua. La coordinadora del grupo es Ileana Z. Chavarría de 32 años quien hace cinco años inicio vendiendo frescos y comida de las ganancias instalo una pequeña venta en la que invertirá el crédito con la compra de granos básicos, carne…etc.
Las otras integrantes son Flor de María S. de 58 años desde hace 7 años tiene una tortillería y Joaquina Avilés Gonzales de 50 años desde hace 3 años tiene una pulpería.

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
  • 173
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Museo Group's $725 loan helped a member to buy basic grains, meat, etc.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2011
Listed
May 11, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011