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Carlos Fonseca Group
In this Group: Isabel , Marisol, Elsa
The Group Carlos Fonseca is made up of three entrepreneurial, hardworking women. One of the group members is Marisol, who 17 years ago started a small store. Thanks to her hard work and the support she has received, she has been able to grow her business into a thriving convenience store. She plans to use the support from this loan to purchase staple grains for resale.

The other group members are Isabel, who sells clothing and cosmetics, and Elsa, who sells has been selling cosmetics for four years.
View original language description ↓
El grupo Carlos Fonseca lo conforman tres mujeres trabajadoras y emprendedoras una de ellas es Marisol quien desde hace 17 años puso una pequeña venta de chiverías, la cual gracias a su arduo trabajo y los crédito ha ido creciendo hasta tener una pulpería en la cual invertirá el crédito en la compra de granos básicos.
Las otras integrantes son Isabel quien vende ropa y cosméticos, y Elsa vende cosméticos desde hace 4 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

  • $3,636
    Average annual income
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,386,550
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of Carlos Fonseca Group's $2,575 loan helped a member to purchase staple grains for resale.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Covered
Expired:
Jul 7, 2012