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Primero Dios Group
In this Group: Dama Abba, Rolando Avelino, Maria Luisa
This group is formed by three successful entrepreneurial partners. Damaso Abba is 56 and sells corn, beans and also grows these crops, he has done this activity for 10 years.
The loan will be used to buy corn, beans and to buy post harvest fertilizer.
View original language description ↓
Grupo formado por tres socios emprendedoras con éxitos, don Dámaso Abba de 56 años el cual se dedica a la comercialización de maíz, frijoles y cultiva estos productos, esta actividad la viene iniciando desde hace 10 años.
El crédito lo utilizara en el acopio de maíz, frijoles, y la compra de insumos como fertilizantes, abonos para la cosechas

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,551,600
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Primero Dios Group's $1,075 loan helped a member to buy corn, beans and to buy post harvest fertilizer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013