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Jardines De Paz Group
In this Group: Milagro, Felipa, Marisol
The group Jardines de Paz [Gardens of Peace] consists of three hard working and enterprising women. One of them is Milagro de Socorro who is 71 years old. In 1966 she began her footwear and clothing business with 1,500 Cordobas. She has completed seven loan cycles with ADIM, expanding her business. She will invest this credit to further strengthen her business with the purchase of footwear and various articles of clothing.

The other members are Felipa who is 41 years old and has been selling tortillas, black pudding, coffee, drinks, and banana chips for 7 years and Marisol who has run a modest sewing workshop for 10 years.
View original language description ↓
El grupo Jardines de Paz lo conforman tres personas trabajadoras y emprendedoras una de ellas es Milagro de Socorro de 71 años quien en 1996 inicio su negocio de comercio de calzado y ropa con 1,500 córdobas. Ella tiene 7 ciclos de trabajar con Adim en los cuales su negocio ha ido creciendo e invertirá el crédito en el fortalecimiento de este con la compra de calzado y ropa variada.
Las otras integrantes son Felipa de 41 años quien vende tortillas, rellenitas, café, fresco y platanito desde hace 7 años y Marisol quien tiene un modesto taller de costura desde hace 10 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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Jardines De Paz Group's $1,175 loan helped a member purchase footwear and clothing merchandise.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
May 29, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 19, 2011