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Girasol Group
In this Group: Rosa, Sugey, Eva
The 'Girasol' (Sunflower) group has three hard-working, determined and entrepreneurial members. One of them is 36 year-old Rosa Emelia who has owned a soft drinks business in San Judas market for 17 years. Gradually, through her hard work and loans, she has managed to grow her business.

Rosa will invest her loan in buying supplies for her business such as fruit, sugar, buckets, bags, cups, etc.

The other members of this group are 29 year-old Sugey and 50 year-old Eva Esther who both sell cosmetics and will use their loans to buy products that their customers have ordered.
View original language description ↓
El grupo Girasol está conformado por tres personas trabajadoras, esforzadas y emprendedoras una de ellas es la señora Rosa Emelia de 36 años quien desde hace 17 años tiene una refresquería en mercado de San Judas la cual poco a poco por su ardua labor y los prestamos ha ido creciendo.

Rosa invertirá el crédito en la compra de materia prima para su negocio como son las frutas, el azúcar, los baldes, las bolsas, vasos… etc.

Las otras integrantes del grupo son Sugey de 29 años y Eva Esther de 50 años quienes se dedican a la venta de cosméticos y con el crédito compraran productos de encargo.

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
  • 121
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,950
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Girasol Group's $1,050 loan helped a member to buy fruit, sugar, buckets, bags, cups, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2011
Listed
Jun 17, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011