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Shalon Group
In this Group: Manuela, Keyla, Rosa
The Shalon Group [Shalom Group] is comprised of three hard-working entrepreneurs. One of these women is Manuela, who has sold new and used clothing for the past four years. Together with one of her children, she sells such products throughout different regions. Her loan will be invested in clothing merchandise, especially women's clothing.

The other group members are Keyla, who has sold food and clothing for the past three years, and Rosa, who began mending clothes 20 years ago and currently makes shirts, overalls, skirts, etc. She also has sold perfume and miscellaneous accessories for the past four years.
View original language description ↓
El grupo Shalon está conformado por tres personas trabajadora y emprendedora una de ellas es Manuela quien se dedica a la venta de ropa nueva y usada desde hace cuatro años. Ella junto a uno de sus hijos comercializa en los departamentos dichos productos.
El crédito lo invertirá en mercadería en ropa en especial femenina.
Las otras integrantes son Keila quien vende comida y ropa desde hace 3 años y Rosa quien desde hace 20 años empezó reparando ropa actualmente realiza ropa desde camisas, gabachas, faldas…etc. y comercializa perfumes, bisutería y perfumes 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

  • $4,800
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Shalon Group's $1,275 loan helped a member to buy clothing merchandise, particularly women's clothes.
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 29, 2012
Jul 1, 2012
Currency Exchange Loss:
Jul 31, 2012