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Maria Auxiliadora Group
In this Group: Alexander, Lesbia, Mario
Mario, who sells basic grains, Alexander, a merchant who sells clothing and fruit, Lesbia, who for the past 15 years has been selling nacatamales (a traditional dish made of corn and pork) and fruit, make up the María Auxiliadora Communal Bank.

Marío is a hardworking and enterprising man who has been selling basic grains for two years. He will invest his loan in corn and beans because that is what he sells most.
View original language description ↓
Mario vende granos básico, Alexander comerciante de ropa y frutas, y Lesbia quien desde hace 15 años vende comida, nacatamales (comida típica a base de maíz y cerdo) y frutas; conforman al grupo María Auxiliadora.

Marío, es un hombre trabajador y emprendedor quien se dedica al comercio de granos básicos desde hace 2 años. El crédito lo invertirá en maíz y frijoles ya que es lo que más se le vende.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria Auxiliadora Group's $1,500 loan helped a member to buy corn and beans.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2013