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Las Pitaya Group
In this Group: Martin, Mayra Del Socorro , Martha Nubia
This is a group consisting of three entrepreneur members who are engaged to their activities. One of them is Mayra, who sells nacatamales [steamed meat and vegetable pasty, cooked in banana or maize leaves] and has a grocery store for six years. She started her business selling nacatamales and gradually invested the profits in products such as bread, coffee, rice, oil, and snacks in a small scale until turning it into a grocery store.

She will invest the loan in the purchase of grocery store products such as rice, beans, oil, laundry soap, bath soap, toilet paper, beef, chicken, etc. Martha sells clothes and cosmetics and Martin has a grocery store in his home.
View original language description ↓
Grupo formado formado por tres socios emprendedores que se dedican a sus actividades cada quien una de ellas es Mayra que se dedica a vender nacatamal y tiene una pulpería desde hace 6 años. Inicio su negocio vendiendo nacatamales y poco a poco fue invirtiendo su ganancia en productos como pan, café, arroz, aceite, chiverías en menor escala hasta lograr convertirla en pulpería, el crédito lo invertirá en la compra de productos de pulpería como arroz, frijoles, aceite, jabón de lavar, jabón de baños, papel higiénico, carne de res, carne de pollo etc. Martha vende ropa y cosméticos, Martin tiene una pulpería en su domicilio.

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,580,100
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of Las Pitaya Group's $1,525 loan helped a member to buy products such as rice, beans, oil, laundry soap, bath soap, toilet paper, etc.
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Covered
Expired:
Dec 3, 2012