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Rio Blanco Group
In this Group: Maria De Los Angeles, Maria De La Concepcion , Maria Aligia
Río Blanco Group (white river) is composed of three hard-working women. One of them is María de los Ángeles who has been selling footwear, cosmetics and jewelry for eight years. She is married and the mother of three children, but only the two youngest, aged 8 and 11, are depending on her. The two other group members are María de la Concepción, who has been selling used and new clothes as well as sandals for seven years, and Darling del Socorro, who has been selling tortillas for two years.
View original language description ↓
El grupo Rio Blanco lo conforman tres mujeres trabajadoras una de ellas es María de los Ángeles quien se dedica al comercio de calzado, cosméticos y bisutería desde hace 8 años. Ella está casada y tiene tres hijos pero solo los menores están a su cargo de 8 y 11 años.
Las señoras María de la Concepción quien vende ropa usada, nueva y chinelas desde hace 7 años y Darling del Socorro vende tortilla desde hace 2 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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Rio Blanco Group's $850 loan helped a member to buy footwear, jewels and cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2012