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Solangi Group
In this Group: Liset Del Socorro, Maria Felix, Cinthya Jacqueline
These are enterprising partners who formed a communal bank comprised of three members. One of them is 55-year-old María, who's single and has a son. She has been buying in-season fruit crops for 20 years, and she's been a client of the institution for two years. She'll use the loan to purchase in-season fruits such as eight trees' worth of mangoes during the Holy Week. This product is very appetising to our society and it's used as a delicacy for making traditional dishes such as fruit syrup. Lizet is another member. She's 45 years old and her business is selling new clothing. Cinthya is 24 years old and her business is selling vegetables.
View original language description ↓
Socias emprendedoras que formaron un grupo de tres socias una de ellas es María que tiene 55 años de edad , soltera con un hijo, tiene 20 años de dedicarse a comprar cosechas de frutas de temporadas, de ser clientes de la institución tiene dos años, el crédito lo invertirá en la compra de frutas de temporadas como son 8 árboles de mangos por flotas en la semana santa, este producto es bien apetecido por nuestras sociedad y como manjar en la elaboración de un plato típico como es el almíbar. Lizet que es la otra socia tiene 45 años de edad y su negocio es la venta de ropa nueva y Cinthya tiene 24 años de edad y su negocio es la venta de legumbres.

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
  • $24,828,400
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Solangi Group's $2,025 loan helped a member to purchase in-season fruits such as eight trees' worth of mangoes.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013