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Chocolate Group
In this Group: Epifania De Los Reyes, Angela Del Socorro, Cecilia Del Carmen
Hats, little wood wagons, typical bags, jackets and necklaces, are what Cecilia del Carmen mentions that she will use her loan for. She is a member of the Chocolate group, from Masaya, the birthplace of Nicaraguan folklore. She has been selling handicrafts and typical products for 15 years and her sales have increased because of the loans.

The other members of the group are Ángela del Socorro who has been selling popcorn and fried soy pork, and Epifania de los Reyes who sells handicrafts.
View original language description ↓
“Sombreros, carritos de madera, bolsos típicos, boleros y collares en eso invertiré el dinero” menciono Cecilia del Carmen, integrante del grupo Chocolate originarios de Masaya cuna del Folclor Nicaragüense. Ella desde hace 15 años es comerciante de artesanías y productos típicos negocio que ha ido aumentando por medio de los créditos.
Las otras integrantes son Ángela del Socorro quien desde hace 9 años vende palomitas y chicharrón de soya; y Epifanía de los Reyes se dedica al comercio de artesanías

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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Chocolate Group's $1,275 loan helped a member to buy typical products such as hats, little wood wagons, typical bags, jackets and necklaces.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jul 25, 2012
Sep 7, 2012
Currency Exchange Loss:
Mar 15, 2013