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Doña Paula Group
In this Group: Iris Del Carmen , Paula De Fatima, Carolina Del Rosario, Sonia Del Socorro
This group is comprised of four entrepreneurs, one of whom is Paula who is 40, married and has four children, ages 3, 8, 13 and 20. Her business consists of selling items such as gold, clothing and shoes; and on weekends she sells soups and fried food out of her home. Her older children help with the business. She will use the loan to buy gold, such as graduation rings, bracelents, chains and pins, as well as general merchandise such as shoes, different clothing, etc.

Iris sells Avon cosmetics, Carolina sells soups on weekends out of her home and Sonia sells Avon cosmetics.
View original language description ↓
Grupo formado por cuatro socias emprendedoras una de ellas Paula tiene 40 años de edad, casada y con cuatro hijos de 03, 20, 13, y 8años de edad, su negocio consiste en vender prendas de oro, ropa, zapatos, y los fines de semana comida como sopas, fritanga en su domicilio. Sus hijos mayores le ayudan en la atención del negocio, el crédito lo invertirá en la compra de prendas de oro como anillos de graduación, pulseras, cadenas, chapas y mercadería en general como zapatos, ropas variadas etc. Iris vende cosméticos de la Avon, Carolina vende sopas los fines de semanas en su casa y Sonia vende cosméticos de la Av

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,547,700
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Doña Paula Group's $2,175 loan helped a member to buy gold earrings, bracelets, graduation rings and pins, and general merchandise.
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