Guard Barranco Group
Update on Guard Barranco GroupThe three members are enterprising micro-entrepreneurs. One of them is Sonia, 38. She's married and has two minor children. For five years her business has been butchering pigs and selling nacatamales [Nicaraguan-style tamales]. She pays a worker to butcher the pigs. She has been with the institution for four consecutive years.
She's going to invest the loan in buying pigs and ingredients for nacatamales such as banana leaves, rice, vegetables, perishables, string, corn, pepper, onion, etc.
Sandra, 41, sells new clothing and Blanca, 33, has a grocery store in her home.
Previous Loan DetailsThis group is composed of three successful micro entrepreneurs. Sandra is one of them, and she sells clothes. 5 years ago she started selling Avon cosmetics, and now she and her husband sell clothes. The loan she is requesting will be used to buy new clothes. The other members of the group are So... More from Guard Barranco 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