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Nueva Vida Group
In this Group: Silvia Marina, Liliam Damaris, Teresa De Jesus
This group is comprised of three successful women entrepreneurs. Silvia is one of them. She has been selling tamales, toasted maize flour, and maize flour drinks for twenty-four years. She learned the trade from her parents. She has been working with the field partner for ten years. She will use the loan to buy maize, cocoa, cinnamon, spices, etc. A few words about the other members: Teresa bakes and sells various maize-based products while Liliam sells vegetables.
View original language description ↓
Grupo formado por tres microempresarias de éxito que se dedica una de ellas Silvia vende tamal, pinol, pinolillo ambulante desde hace 24 años herencia de sus padres , tiene 10 años de estar en la institución y el crédito lo invertirá en la compra de maíz, cacao, canela, especies etc. El caso de Teresa vende y hace cosa de horno hecho de maíz y Liliam vende verduras.

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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Vida Group's $2,525 loan helped a member to buy maize, cocoa, cinnamon, spices, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013