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El Museo Group
In this Group: Ileana , Edwin Mauricio , Sobeyda
This is a group consisting of three people. One of them is Ileana who has a grocery store and also buys and sells scrap metal. She’s been in business six years. She started the store with profits generated from the scrap metal business. She gradually bought grocery items on a small scale. She’s been with the institution five years and she has 3 children; her life companion helps her with the buying and selling of scrap metal. She will use the loan to buy basic grains like rice and beans, sugar, oil, toilet paper, etc.

Sobeyda sells Herbalife products and CDs from place to place and Edwin manufactures guitars at home.
View original language description ↓
Grupo formado por tres socios una de ellas es Ileana quien tiene una pulpería y también compra y vende chatarra, hace 6 años de esa forma inicio su negocio con los margen de ganancias que le generaba el comercio de la chatarra fue comprando productos de pulperías en menor escala. Tiene 5 años de estar con la institución tiene 3 hijos que juntos con su compañero de vida le ayuda en la compra y venta de chatarra, el crédito lo invertirá en la compra de granos básicos como arroz, frijoles, azúcar, aceite, papel higiénico etc. Sobeyda vende productos Herbalife y venta de CD ambulante y Edwin fabrica guitarra 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

  • $3,636
    Average annual income
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Museo Group's $875 loan helped a member to buy merchandise to stock her store.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013