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Solangi Group
In this Group: María Felix, Liseth, Cinthya
The “Solangi” group has three hardworking, enterprising members. One of them is María Felix, 54, who has been a fruit seller for about 20 years, a business whose productivity she’s expanded thanks to her hard work and loans.

She will use the loan to buy crops of mangoes and Spanish limes; her goal is to diversify her product so that she can work year-round.

The other group members are Liseth del Socorro, 45, who sells clothes and Cinthya, 22, who sells legumes.
View original language description ↓
El grupo Solangi lo conforman tres personas trabajadoras y emprendedoras una de ellas es María Feliz de 54 años quien se dedica al comercio de frutas desde hace 20 años aproximadamente. Negocio que con su ardua labor y los créditos a ampliado su capacidad de producción.
El crédito lo invertirá en la comprar cosechas de mango y mamón y su meta es diversificar su producto para poder laborar todo el año.
Los otros integrantes son Liseth del Socorro de 45 años quien vende ropa y Cinthya de 22 años quien vende legumbres.

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Solangi Group's $1,975 loan helped a member to buy Spanish lime and mango crops.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013