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El Fainsan Group
In this Group: Rosa Alvara, Jessy Carolina, Lourdes Del Socorro
This group consists of three enterprising members. One of them is Jessy, who has been selling fruits and perishable goods for nine years as a street vendor in her community and the surrounding areas. She is a married woman with two children. Her loan will be invested in the purchase of fruits such as watermelons, mangoes, papayas, and oranges, as well as cassava, squash, beets, onions, tomatoes, and other forms of produce.


The other members are Lourdes and Rosa, who both sell legumes.

View original language description ↓
Este grupo está formado por tres socias emprendedoras una de ellas es Jessy que vende frutas y perecederos desde hace 9 años ambulantes en su comunidad aledañas. Es una mujer casada con dos hijos. El crédito lo invertirá en la compra de frutas como sandias, mangos, papayas, naranjas perecederos como yuca, chayote, remolacha, cebolla, tomate etc. Lourdes vende legumbres y Rosa también vende legumbres.

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
  • 117
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,950
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Fainsan Group's $2,075 loan helped a member to buy watermelons, mangoes, papayas, oranges, cassava, squash, beets, onions, tomatoes, and other forms of produce.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013