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Nuevo Fruto Group
In this Group: Alma Iris, Arli Ovidia, Hellen Patricia
This group consists of three enterprising members. One of them is a 25-year-old woman named Alma. She is married and has three young children (a four-year-old and two two-year-olds). Alma has a grocery business and also sells cooked beans. She previously worked in the Free Trade Zone as an operator and gradually saved up her money until she was able to open her store. This enabled her to be near her children so that she could look after them. Her loan will be invested in basic grains such as rice, beans, sugar, oil, dairy products, beef, chicken, trinkets, popular medicines, cosmetics, men’s colognes, women’s perfumes, lotions, and other items.


Hellen is a 31-year-old woman who has a business of selling Zermat and Avon cosmetics. She also sells various clothing such as shirts, shorts, men’s trousers, women’s trousers, and other items.


Arli is 37 years old and has a business selling fried foods every day from her home.

View original language description ↓
Grupo está formado por tres socias emprendedoras una de ellas es Alma mujer de 25 años de edad casada, con tres hijos menores de edad de 2, 4 y 2 años respectivamente, tiene 4 años de tener su negocio de una pulpería y venta de frijoles cocidos anteriormente trabajaba como operaria en zonas francas poco a poco fue reuniendo dinero de su pago hasta que formo su pulpería y está cerca en el cuido de sus hijos, el crédito lo invertirá en la compra de granos básicos como arroz, frijoles, azúcar, aceite, productos lácteos, carne de res, carne de pollo, bisuterías, medicamentos populares, cosméticos como perfumen de varón, perfumen de mujer, lociones etc. Hellen mujer de 31 años de edad su negocio es la venta de cosméticos de la zermat, Avon venta de ropa variada como camisas, chores, pantalón de varón, pantalón de mujer etc. y Arli tiene 37 años de edad y su negocio es la venta de fritanga todos los días 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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Fruto Group's $750 loan helped a member to buy rice, beans, sugar, oil, dairy products, beef, chicken, trinkets, popular medicines, cosmetics, men’s colognes, women’s perfumes, lotions, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013