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Nuevo Horizonte Group
In this Group: Adriana Del Socorro , Jose Mario, Candida Rosa
This group is comprised of three successful small businesspeople. One of them is Adriana, who has had a sewing studio for 15 years. Her family includes two children and her husband, who helps her search for and market their products. She works on request and delivers the orders to the markets in the capital and the market in her town. She will invest the loan into buying fabric, zippers, buttons, elastic, etc. Cándida Rosa has sold fresh fruit from the street for several years and José Mario sells nacatamal (corn, meat and rice wrapped in a banana leaf) on the weekends. He also sells firewood to the community.
View original language description ↓
Grupo formado por tres socias microempresaria de éxito una de ellas es Adriana que tiene un taller de costura desde hace 15 años, su familia formada por dos hijos y su esposo le apoya en la búsqueda y comercialización de los productos que hacen, ella trabaja por encargo y entrega pedidos a los mercados de la capital y al mercado de su localidad, el crédito lo invertirá en la compra de telas, zipper, botones, elásticos, etc. Cándida Rosa vende frutas frescas ambulantes desde hace varios años y José Mario vende nacatamal los fines de semanas y leña a la comunidad.

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
  • 174
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Horizonte Group's $725 loan helped a member to invest in buying fabric, zippers, buttons, elastic, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013