Check out some available loans that are similar to this one!
Mejor Progreso Group
In this Group: Ligia, Mayra, Melania
The Mejor Progreso group is made up of three hard-working and enterprising people. Mrs. Ligia is one of them. She is the group coordinator, and her business is buying and selling perishable items, especially tomatoes. She will invest in three boxes of tomatoes.
The other group members are Mayra, who sells clothing and flip flops; and Melania, who sells fruits and vegetables.
View original language description ↓
El grupo Mejor Progreso lo conforman tres personas trabajadoras y emprendedoras una de ellas es la señora Ligia, coordinadora del grupo ella se dedicada a la compra y venta de perecederos en especial tomates en los que invertirá en tres cajas de tomate entre lo prestrado y sus ganancias.

Las otras integrantes son Mayra quien se dedica a la venta de ropa y chinelas y Melania vende frutas y verduras.

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

  • $4,800
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mejor Progreso Group's $1,125 loan helped a member to buy tomatoes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2011
Listed
Sep 6, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012