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Socorro Group
In this Group: Rosaura, Janeth, Miriam, Catalina Del Socorro
The Socorro ["Aid"] group is made up of four hard-working and enterprising women. One of them is Rosaura who has had a convenience store for the last two years. She will invest her loan in stocking up her business, mainly with basic grains.

The other members are Janeth, who works selling tableware (plates, flatware, cups, glasses, etc.), and Miriam, who has been selling leaves for the last seven years, and Catalina, who has been selling fruit and refreshments for the last seven years.
View original language description ↓
El grupo Socorro está conformado por cuatro personas trabajadoras y emprendedoras una de ellas es Rosaura quien tiene una pulpería desde hace 2 años e invertirá el crédito en surtir su negocio principalmente en granos básicos.
La otras integrantes son Janeth se dedica al comercio de vajillas (platos, cubiertos, tasas, vasos…etc.), Miriam vende hojas desde hace 7 años y Catalina vende frutas y refresco desde hace 7 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

  • $3,636
    Average annual income
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Socorro Group's $3,300 loan helped a member to purchase basic grains.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 22, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012