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Las Glorias Group
In this Group: Gloria, Sheyla, Eveling
The communal bank "Las Glorias" is comprised of three hard-working entrepreneurs, one of whom is Mrs. Gloria Elena who has been selling softdrinks, sodas, milk and ice cream for six years. She has six children who are adults and help and support her.

The other members of the group are Eveling, who has been selling clothing for two years, and Sheila, who has been selling clothing and Avon products for six years.
View original language description ↓
El grupo las Glorias está conformado por tres personas trabajadora y emprendedoras una de ellas es la señora Gloria Elena quien se dedica a la venta de fresco, gaseosa, leche y helados desde hace 6 años. Ella tiene seis hijos ya mayores quienes la apoyan y ayudan.
Las otras integrantes son Eveling quien vende ropa desde hace 2 años y Sheila vende ropa y productos Avon desde hace 6 años.

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
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Glorias Group's $1,150 loan helped a member to buy ingredients such as fruit, milk, sugar, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Nov 30, 2011
Dec 15, 2011
Currency Exchange Loss:
Sep 15, 2012