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Las Margaritas Group
In this Group: Rosa Betania, Margarita, Jessica Noelia
This group is comprised of three successful members. Rosa Betania is one of them. She has had a small factory making mop heads for ten years. She has three employees, who earn according to production. The products are sold at different markets and businesses in the areas surrounding her home. She will use the loan to buy raw material like string, etc.

Margarita is a successful small businesswoman. Two years ago her house burned, leaving her exposed to the weather. With help from friends, her house was restored. Her business is selling tortillas, fried pork, deep-fried pork rinds, blood sausage, soft drinks, and juice, etc. Nevertheless, she was never behind in her loan payments.

Noelia is a new client this cycle. She sells used clothes and bookstore items.
View original language description ↓
Socias formada por tres socias de éxito una de ellas Rosa Betania tiene una pequeña fábrica de mechas de lampazos desde hace 10 años, cuenta con tres empleados quienes ganan por producción, los productos los vende a diferentes mercados y empresas aledañas a su domicilio el crédito lo invertirá en la compra de materia prima como hilos etc. Margarita micro empresaria de éxito hace dos años su casa se le quemo quedando a la intemperie con ayuda de amistades, y amigos fue restaurando su casa, su negocio es venta de tortillas, cerdo frito, chicharon, morongas, gaseosas, jugos etc. sin embargo nunca tuvo atrasos en sus pagos de sus cuotas del préstamo, Noelia es cliente nueva en este ciclo se dedica a la comercialización de ropa usada y artículos de librerías.

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Margaritas Group's $1,275 loan helped a member to buy raw material like string, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013