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Arabela Group
In this Group: Auxiliadora, Jenny, Mayda
The Arabela group is made up of three hard-working and enterprising women. The group coordinator is Mrs. Auxiliadora del Socorro, age 42. She has sold nactamales [a traditional dish-dough, filled with meat and vegetables and wrapped in plantain leaves] and dairy products for five years. She started this business selling chocolate bananas, ice creams...etc. With her earnings, she started making small amounts of nactamales.
She has four children, and her oldest daughter (age 16) helps her with the business. Auxiliadora's goal is to invest in another business, such as clothing and shoe sales.
The other members are Mayda, age 30, who sells tortillas and dairy products, and Jenny de los Angeles, age 24, who has sold cosmetics, clothing and perfumes for five years.
View original language description ↓
El grupo Arabela lo conforman tres mujeres trabajadoras y emprendedoras. La coordinadora del grupo es la señora Auxiliadora del Socorro de 42 años se dedica al comercio de nacatamales y chiverías desde hace 5 años. Este negocio lo inicio con la venta de chocobanos, helados…etc. con las ganancias empezó a realizar pequeñas cantidades de nacatamales.
Ella tiene cuatro hijos de los cuales su hija menor de 16 años le ayuda en el negocio. La meta de Auxiliadora es invertir en otro negocio como la venta de ropa y calzado.
Las otras integrantes son Mayda de 30 años quien tiene una tortillería y vende chiverías y Jenny de los Ángeles de 24 años comercializa desde hace 5 años cosméticos, ropa y perfumes.

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
  • 139
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Arabela Group's $625 loan helped a member to purchase corn, hogs, firewood...etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 20, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011