Pio Xii Group
Update on Pio Xii GroupThis group is made up of five entrepreneurs. One of them is Zoila, 54. She's married and has one child. For ten years she has made a living making and selling nacatamales [Nicaraguan-style tamales], which she sells on order because she's well recognized in the city of Masaya. She has two salaried employees who work in her home. She has been a client of the institution for four years and has acquired twelve loans, which she pays back in due time and form.
She'll invest the loan in buying ingredients such as pork, banana leaves, string, rice, peppers, onions, tomatoes, salt, corn, lime, potatoes, etc.
Zenobia, 45, has a grocery store in her home. Melenciana, 59, sells tortillas and "frito de cerdo" [fried pork dish]. Ignacio, 59, sells banana leaves for making nacatamales. Humberto, 47, has a bakery.
Previous Loan DetailsThis is a group of four enterprising members. Zoila’s business is buying and selling pigs. She also butchers them and makes nacatamales [Nicaraguan style tamales], an activity she’s been in for ten years. She starts out making pork nacatamales. The meat costs her less if she butchers the pigs... More from Pio Xii 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
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Success!! The loan was 100% repaid