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Santa Martha Group
In this Group: Lidia De Los Angeles, Maria Antonia, Jazmina Del Socorro
This group is formed by three enterprising women born in the cradle of Nicaraguan folklore. One of them is Jazmina, a 33 year-old woman who has four young children. For the past 20 years she has earned a living selling a pastry called "hojuelas" in parks and markets in her city.

She has been a client of the institution for 6 years now because she has been responsible and reliable in her payments. She will use the loan to purchase raw material like flour, oil, firewood, bags, wrapping paper, plastic cups, sugar, cinnamon etc.

Maria is 34 years of age and sells "hojuelas". Lydia is 38 years old and sells textile handicrafts such as men's shirts, woven cotton shirts, aprons, and traditional clothing etc.
View original language description ↓
Grupo formado por tres socias emprendedoras originarias de la cuna del folklor nicaragüense una de ellas es Jazmina mujer de 33 años, acompañada, con cuatro hijos menores de edad, desde hace 20 años que se dedica a vender ojuelas ambulantes en parques, mercados, a su localidad y tiene 6 años de ser cliente de la institución por ser responsable y cumplidoras en sus pagos, el crédito lo invertirá en la compra de materia prima como harina, aceite, leñas, bolsa,papel de envolver, plásticos transparentes, azúcar, canela etc, Maria tiene 34 años de edad y vende ojuelas y Lidia tiene 38 años de edad y vende artesanía textil osea guayaberas, cotonas, delantales, trajes típicos etc.




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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Martha Group's $1,050 loan helped a member to purchase raw materials such as flour, oil, firewood, bags, wrapping paper, plastic cups, sugar, cinnamon etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013