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Tilita Group
In this Group: Concepcion Del Socorro, Maria Del Socorro, Maria Sebastiana, Rosa Amanda
This group is made up of four enterprising members, one of whom is Maria del Socorro, who has a business mixing and selling spices. She has been doing this activity for six consecutive years. She is a single mother with three children who help her in her business. She will invest the loan in the purchase of spices such as cinnamon, cumin, cloves, rhodamines, etc. Maria Sebastiana sells food and traditional dishes, Rosa Amanda sells clothing and Concepcion has a paper store in her house.
View original language description ↓
Grupo formado por cuatros socias emprendedoras una de ellas es María del Socorro que tiene un negocio de brindar servicios de molinos y venta de especies. Esta actividad la viene realizando desde hace 6 años consecutivos es madre soltera con tres hijos quienes le ayuda en el negocio. El crédito lo invertirá en la compra de especies como canela, comino, clavo de olor, rodaminas etc., María Sebastiana vende comida y nacatamales, Rosa Amanda vende ropa nueva variada y Concepción 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

  • $3,636
    Average annual income
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Tilita Group's $3,050 loan helped a member to purchase spices such as cinnamon, cloves, rhodamine, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013