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Salinas Group
In this Group: Raquel Del Socorro, Reyna Isabel, Andrea De La Asunción
This group is composed by three hard working, enterprising women who have been working with Admin for nine cycles and have had two Kiva loans. The group Coordinator is Raquel del Socorro, 33. She’s been selling dairy products for about 10 years. She started out selling milk in Managua and now, besides milk, she also sells cheese, cream, cottage cheese, etc. and used clothes.

The other members are Reyna, 30, who has been selling clothes at home and in Tisma for the last three years and Andrea Asunción, 24, who has a vegetable stand.
View original language description ↓
Este grupo lo conforman tres mujeres trabajadoras y emprendedoras quienes tienen nueve ciclos de trabajar con Adim y han tenido dos préstamos Kiva. La coordinadora del grupo es la señora Raquel del Socorro de 33 años desde hace aproximadamente 10 años se dedica a la venta de productos lácteos. Ella inicio vendiendo leche en Managua y ahora además de la leche vende queso, crema, cuajada etc. y ropa usada.

Las otras integrantes son Reyna de 30 años se dedica al comercio de ropa en su casa y en Tisma desde hace 3 años y Andrea Asunción de 24 años tiene un puesto de verduras.

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,557,075
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Salinas Group's $800 loan helped a member to buy dairy products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2011
Listed
May 20, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011