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Milagro Group
In this Group: Margarita Del Carmen , Betha Adilia, Meyling
The 'Milagro' (Miracle) group is made up of three hard-working and entrepreneurial people. One of these people is Margarita del Carmen who has been selling clothing and cosmetics for eight years. She started her business with only a few products. Margarita del Carmen is married and has five children who are 23, 22, 20, 17 and 13 years old. They help her in the business.

The other members of the group are Bertha, who has been selling clothing for three years, and Meyling who sells costume jewelry and clothing.
View original language description ↓
El grupo Milagros lo conforman tres personas trabajadoras y emprendedoras una de ellas es Margarita del Carmen quien vende ropa y cosméticos desde hace 8 años, negocio que inicio con unos cuantos productos. Ella es casada y tiene 5 hijos de 23, 22, 20, 17 y 13 años quienes le ayudan en el negocio.
Las otras integrantes son Bertha quien se dedica al comercio de ropa desde hace 3 años y Meyling quien vende bisutería y ropa.

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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Milagro Group's $750 loan helped a member to buy merchandise (shirts, pants, swimsuits, etc.).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 13, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012