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Santana Sur Group
In this Group: Francisca , Juana María, Martha
The Santana Sur group is composed of three hardworking and resourceful people. One of them is Martha Teresa who has been running a furniture workshop for 10 years together with her husband Oscar. The loan she is requesting will be used to buy bamboo and wood to make chairs, armchairs and wardrobes.
The other members of the group are Francisca, who has been selling basic grains for 15 years and Juana María, who runs a repair shop providing maintenance to air-conditioning and cooling systems together with her husband, who is a technician.
View original language description ↓
El grupo Santana Sur lo conforman tres personas trabajadoras y emprendedoras una de ellas es Martha Teresa quien desde hace 10 años tiene una mueblería negocio que tiene junto a su esposo don Oscar. El crédito lo invertirá en bambú y madera para realizar sillas, sillones, roperos…etc.
Las otras integrantes son Francisca quien vende granos básicos y yuca desde hace 15 años y Juana María tiene un taller de relación y mantenimiento de refrigeración donde trabaja con su esposo quien es técnico.

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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Santana Sur Group's $2,550 loan helped a member to buy bamboo and wood.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013