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Veronica Group
In this Group: Veronica, Claudia, Katty
The Veronica Group is made up of three hardworking and enterprising women. Their names are Verónica del Rosario, Claudia Vanessa, and Katty de los Ángeles, and they have been involved in the sale of arts and crafts for many years.

The coordinator of the group is Verónica del Rosario who began to sell craft items 23 years ago and has been growing her business little by little. She vends in one of the local markets in Masaya and will invest her loan in pottery vases, urns, sugar bowls, leather bags, bamboo curtains, etc.
View original language description ↓
El grupo Verónica está conformado por tres personas trabajadoras y emprendedoras ellas son Verónica del Rosario, Claudia Vanessa y Katty de los Ángeles quienes se dedican al comercio de artesanías desde hace varios años.
La coordinadora del grupo es Verónica del Rosario la cual inicio hace 23 años a vender artesanías y poco a poco fue aumentándolo. Ella comercializa en uno de los mercados locales de Masaya e invertirá el crédito en jarrones de barro, jarrones de piso, azucareras, bolsos de cuero, cortinas de bambú…etc.

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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Veronica Group's $2,150 loan helped a member to buy crafted items, especially pottery vases, floor-standing vases, sugar bowls, leather bags, bamboo curtains, etc.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2013