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Sion Group
In this Group: Marllin Hannevet, Brenda Maria , Martha Josefa
This group has three members that are successful entrepreneurs. One of them is Marllin, who has been selling clothes for five years. She is a single mother and has a five-year-old son. Marllin previously ran a grocery store at home, but she closed it when a relative that helped her, left the country. She then decided to start this activity, which leaves better profits.

With this loan, Marllin will buy a wide variety of new clothes.

Brenda and Martha, the remaining members, sell fried food, and new and used clothes, respectively.
View original language description ↓

Grupo formado por tres socias emprendedoras de éxito una de ellas es Marllin que desde hace cinco años se dedica a la venta de ropa nueva, es madre soltera con un hijo menor de cinco años, anteriormente tenía una pulpería en su domicilio la quita porque un familiar cercano salió fuera del país quienes le ayuda en el negocio, por lo que cambia de actividad que le genera más ganancias. El crédito lo invertirá en la compra de ropas nuevas y variada, Brenda vende fritanga todos los días en su domicilio y Martha vende ropa nueva y ropa usada.

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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Sion Group's $1,875 loan helped a member to buy clothes, such as pants for men and women, shirts and t-shirts.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013