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Nuevo Inicio Group
In this Group: Wendy, Karla, María
The 'Nuevo Inicio' (New Beginning) group is made up of three hard-working, entrepreneurial people. One of them is Wendy Carolina, who has been selling food since she was very young because her mother had an eatery which she has been running for 5 years now. She will invest her loan in buying basic grains, meat, perishables, etc.

The other members of this group are María de Lourdes, who has a confectionery business, and Karla, who has been selling clothing for four years.
View original language description ↓
El grupo Nuevo Inicio lo conforman tres personas trabajadoras y emprendedoras una de ellas es Wendy Carolina quien se dedica desde muy joven al comercio de comida ya que su madre tenía una comideria la cual desde hace 5 años ella administra. El crédito lo invertirá en granos básicos, carne y perecederos etc.
Las otras integrantes del grupo son María de Lourdes quien tiene una repostería y Karla quien vende ropa 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

  • $4,800
    Average annual income
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Inicio Group's $775 loan helped a member to buy basic grains, meat and perishables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jul 3, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012