Update on Hossana GroupAna, 40, who is the coordinator of the “Hossana” group stated: “I started out selling bread, coffee and eggs and gradually have been able to grow. I used the previous loan to improve the infrastructure installing tile and metal grilles.” She opened her grocery store five years ago and has gradually expanded it. She’ll invest this loan in clothes.
The other group members are Socorro who has sold perfume and shoes for five years and Patricia who sells used clothes.
Las otras integrantes son Socorro quien vende perfumes y zapatos desde hace 5 años y Patricia quien vende ropa usada.
Previous Loan DetailsThe Hosana group consists of Ana A. who has a small store, Socorro B. sells cosmetics and clothing and Patricia sells clothing. They wish to start the new year with work, strength and hope of continuing working in order to grow their businesses. For this reason they will work hard from the first ... More from Hossana Group's previous loan »
About ADIMLocated 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.
Concurrent and Successive Loans
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.
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