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Áreas Group
In this Group: Sebastiana, Raquel, Javier
The A. group has three members, all enterprising and hard-working, who operate businesses selling perishables. The group coordinator is Sra. Raquel who has sold fruit in the market at Masaya for 2 years. She sells approximately 12,800 cordobas per week.
Raquel will use this loan to buy seasonal fruits and vegetables.
The other members of the group are Sebastiana de los Angeles who has operated a business selling fruit and vegetables for five years and Jose Alberto who, since 1992, has operated a business selling pineapples.
View original language description ↓
El grupo Áreas está integrado por tres personas trabajadoras y emprendedoras los cuales se dedican a comercializar perecederos. La coordinadora del grupo es la señora Raquel quien vende frutas desde hace 2 años en el mercado de Masaya. Ella semanalmente vende aproximadamente 12,800.
Raquel con el crédito comprara cosechas de perecederos de temporada.
Los otros integrantes son Sebastiana de los Ángeles quien comercializa frutas y verduras desde hace cinco años y José Alberto quien desde 1992 se dedica a la compra y venta de piña.

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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Áreas Group's $675 loan helped a member to buy merchandise for food-sales business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 23, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012