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17 De Septiembre Group
In this Group: Salvadora, Marisol, Maria Auxiliadora
The “17 de Septiembre” group is made up of three hardworking women. One of them is Salvadora, 45, who has been selling clothes and shoes for five years. She will use the loan to buy seasonal clothes and footwear especially for Holy Week.

The other group members are Marisol who has sold to order and used clothes for five years and María Auxiliadora, 55, who works with Avon products and sells clothes on order.
View original language description ↓
El grupo 17de septiembre lo conforman tres mujeres trabajadoras una de ellas es la señora Salvadora de 45 años quien se dedica al comercio de ropa y zapatos desde hace 5 años. Ella invertirá el crédito en la compra de mercadería en ropa y calzado de témpora en especial por la Semana Santa.
Las otras integrantes son Marisol por encargo y ropa usada desde 5 años y María auxiliadora de 55 años quien trabaja con Avon y ropa de encargo.

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
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $23,166,475
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of 17 De Septiembre Group's $1,825 loan helped a member to buy clothes and footwear.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 15, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012