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Fe Group
In this Group: Hazel, Norma, Misael
The group Fe (Faith) comprises three hardworking entrepreneurial people. One of them is 39-year old Sra. Norma. She started out selling vegetables, and with the profit and some loans opened a restaurant selling soup at weekends.

Norma has used her earnings from this business to support her six children, the two youngest of whom she is still responsible for.

The other members of the group are 25-year old Hessell who sells clothing and Zermat products, and Misael who has owned a taxi for seven years. He plans to spend the loan money maintaining his vehicle
View original language description ↓
El grupo Fe lo conforman tres mujeres trabajadoras y emprendedoras una de ellas es la señora Norma de 39 años, ella inicio con la venta de verduras y con las ganancias y los créditos puso una fritanga y vende sopa los fines de semana. Ella con este negocio ha sacado adelante a sus seis hijos de los cuales los dos menores son los que están a su cargo.
Las otras integrantes son Hessell de 25 años comerciante de ropa y productos zermat y Misael es propietario de un taxi desde hace 7 años y con el crédito le dará mantenimiento al vehículo.

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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Group's $825 loan helped a member to buy vegetables, basic grains, cheese, meat etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 16, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011