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Solano Group
In this Group: Hortensia Leonor, Ulises Fernando, Silvana Del Carmen
This group includes Hortensia, Silvana and Ulises, three hardworking people who come from the Martin Castellon housing development in Nindiri. Hortensia is the coordinator of the group. She started a business selling a variety of food items (snacks, potato cakes, enchiladas, tacos, etc.) Later with the earnings from that enterprise she started a catering business, and started investing to grow the business.

Hortensia works side by side with her husband to make her business work; they deliver food to a number of different companies. With this loan, Hortensia will buy rice, cooking oil, beans, onions, meat and other items.

Ulises works as a fare collector on a minibus, and he also has an eatery that his wife looks after. Silvana has been selling seafood for 16 years.
View original language description ↓
El grupo lo conforman Hortensia, Silvana e Ulises tres personas trabajadoras provenientes del reparto Martín Castellón de Nindiri. La coordinadora del grupo es la señora Hortensia, ella inicio con la venta de variedades (chiverías, torta de papa, enchiladas, tacos…etc.) luego con las ganancias puso una comideria e inicio a prestar para levantar su negocio.

Ella junto a su esposo trabajan hombro a hombro para salir a delante en su pequeño local y distribuyen comida a distintas empresa. Hortensia con el crédito comparar arroz, aceite, frijoles, cebolla, carne…etc.

El señor Ulises trabaja en un microbús como cobrador y tiene una comideria la cual mira su esposa y Silvana desde hace 16 años vende mariscos.

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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,448,750
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Solano Group's $775 loan helped a member to buy staple grains, meat, spices, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2011
Listed
Jun 22, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012