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Patricio Group
In this Group: Jose Domingo, Marisol Del Socorro, Irma Del Carmen
This group is formed by three entrepreneur partners. One of them is Marisol, who works doing craftworks with palm. She makes rattles, baskets and palm braids for four years. She is married and is a mother of two children who help her in the business.

The loan will be invested in the purchase of raw materials such as palm.

Irma sells cheese and eggs for six years and José Domingo sells craftworks made of palm.
View original language description ↓
Grupo formado por tres socios emprendedores una de ellas es Marisol trabaja en artesanía en palma hace chischil, canastas y trenzas de palma desde hace 4 años, es madre casada con dos hijos quienes les ayudan en su negocio, el crédito lo invertirá en la compra de materia prima como es la palma, Irma vende queso, huevo desde hace 6 años y José Domingo vende artesanía echa de palma.

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
  • $24,535,925
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Patricio Group's $875 loan helped a member to purchase raw materials such as palm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2013