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La Domesticas Group
In this Group: Dolores Del Carmen, Margarita, Julia Del Socorro
Las Domesticas group is made up of three hardworking women: Julia del Socorro who makes brushes, Margarita who sells clothing, and Dolores who sells Avon products.
Julia del Socorro started producing handmade brushes to wash clothes 15 years ago. She works together with her two children and a nephew who is in charge of sales and distribution. She will use the loan to buy nylon, wood, staples, etc.
View original language description ↓
El grupo las domesticas lo conforman tres mujeres trabajadoras ellas son Julia del Socorro quien elabora cepillos, Margarita quien vende ropa y elabora cepillos y Dolores comerciante de productos AVON.
Julia del Socorro inicio con la elaboración artesanal de cepillos de lavar ropa hace 15 años donde trabaja junto a sus dos hijos y un sobrino quien es el que se encarga de distribuir y vender. El crédito lo invertirá en materia prima nailon, madera, grapas…etc.

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
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of La Domesticas Group's $1,700 loan helped a member to buy nylon, wood, staples, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2012
Listed
Aug 7, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013