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Francela Group
In this Group: Nora Del Socorro, Olivia Antonia, Yahaira Maria
The group is comprised of three enterprising members. Olivia is one of them. She currently has a grocery store and an Enabas kiosk at her house. She started her business 33 years ago.

She used to work at a fabric factory. She used her severance pay and invested in fresh vegetables. Little by little she was buying products for her grocery store. One of her daughters helps her.

She will use the loan to buy basic grains like rice and beans, sugar, cooking oil, cheese, dairy products, toilet paper, detergent, and bath soap, etc.

Nora sells soft drinks and makes soup on the week-ends. Jahaira has a grocery store at her house.
View original language description ↓
Grupo formado por tres socias emprendedoras una de ellas es Olivia actualmente tiene una pulpería y un puesto de Enabas en su casa. Inicia su negocio hace 33 años la cual trabajaba en fábrica de telares y con su liquidación invirtió en verduras frescas poco a poco con sus ganancias fue comprando productos para pulpería, le ayuda unas de sus hijas, el crédito lo invertirá en la compra de granos básicos como arroz, frijoles, azúcar, aceite, queso, productos lácteos, papel higiénicos, jabón de lavar, jabón de baño etc. Nora vende refrescos y hace sopas los fines de semana y Jahaira 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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Francela Group's $1,300 loan helped a member to buy basic grains like rice and beans, sugar, cooking oil, beef, and chicken, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013