Las Negras Group
Update on Las Negras GroupThis group is formed by three entrepreneurial women partners, one of whom is Elizabeth. Her business is the sale of meat and vegetables in her home. She is 30 years old and married, with five children, some grown and some not. The loan will be invested in buying beef, chicken, and assorted fresh vegetables. It will also be invested in the purchase of a fixed asset like a freezer to maintain her products. Yolanda has a mini grocery store in her home and Verónica sells CDs, DVDs, and Nintendo games.
Previous Loan DetailsThe “Las Negras” group is composed of three hardworking, enterprising women. The group coordinator is Elizabeth del Carmen, 28, who is an itinerant vegetable and meat merchant. She’s been in business for about six years to continue improving and supporting her five children who are 12, 11, 6 a... More from Las Negras Group's previous loan »
About ADIMLocated 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.
Concurrent and Successive Loans
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.
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Success!! The loan was 100% repaid