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Lourdes Group
In this Group: María Lourdes, Manuel, Claudia
The Lourdes group is comprised of three hardworking, entrepreneurial, and driven people, one of whom is Claudia. She sells chickens at market. She has been raising chickens and selling them for several years. She will use the loan for purines ***, vaccines, etc.

The other group members are Manuel, who has had a tailor shop for eight years and who will use the loan for thread and fabric, and Gloria, who sells chickens.

***Purine is an organic compound found in meat. Plant-based diets (like chickens would have) are generally low in purines.
View original language description ↓
El grupo Lourdes lo conforman tres personas trabajadoras, emprendedoras y esforzadas una de ellas es la señora Claudia quien se dedica al comercio de gallinas en el mercado. Ella cría gallinas y luego las vende desde hace varios años y en este negocio es que invertirá el crédito en purina y vacunas etc.
Los otros integrantes son Manuel quien tiene un taller de costura hace 8 años e invertirá el crédito en telas e hilos y Gloria se dedica al comercio de gallina.

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
  • $23,416,850
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Lourdes Group's $950 loan helped a member to raise chickens.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jun 23, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011