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Tilita Group
In this Group: María Del Socorro, María Sebastiana, Rosa Amanda, Concepcion Del Socorro
The Tilita group is made up of three hard-working and entrepreneurial women. One of them is Maria de Socorro, who has made a living selling spices (cinnamon, clove, pepper, etc.) for ten years. For 17 years she has also had a mill with which she has managed to help her children get ahead in life. One of them, along with her grandson, helps her in the business.

The other women are Rosa Amanda, who has sold clothing for six years; Concepción del Socorro, 40 years old, who sells basic grains; and María Sebastiana who has sold soup and tortillas for ten years.
View original language description ↓
El grupo Tilita lo conforman cuatro personas trabajadoras y emprendedoras una de ellas es María del Socorro quien se dedica al comercio de especies (canela, clavo de olor, pimienta…etc.) desde hace 10 años. Además tiene un molino desde hace 17 años con lo cual logro sacar a delante a sus hijos de los cuales uno de ellos es quien le ayuda en el negocio junto a su nieto.
Las otras personas son Rosa Amanda quien vende ropa desde hace 6 años, Concepción del Socorro de 40 años comercializa granos básicos y María Sebastiana desde hace 10 años vende sopas y tortillas.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $23,818,050
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of Tilita Group's $2,800 loan helped a member to buy spices like cinnamon, clove, achote, etc.
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Expired:
Jul 1, 2012