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Tengo Fe Group
In this Group: Meyling Mercedes, Reyna Esperanza, Maria Guillermina, Petrona , Jeaneth Del Carmen
This group is made up of five enterprising, successful members. One of them is Meyling. She is 28 and her business is selling fruit and vegetables in the Masaya market. She will invest the loan in buying fruit such as papayas, bananas, sapotes, pitahayas, pipianes, oranges, tangerines, etc. Reyna is 24 years old and her business is selling fruit and vegetables. María is 48 and her business is an artisanal crafts workshop. Petrona is 45 and her business is selling fruits and vegetables and Jeaneth is 39 and her business is selling fruit.
View original language description ↓
Este grupo está formado por cinco socias emprendedoras de éxito una de ellas es Meyling tiene 28 años de edad y su negocio es la venta de verduras, frutas en el mercado de Masaya, tiene dos años de dedicarse al negocio. El crédito lo invertirá en la compra de frutas como papaya, banano, sapote, pitahaya, pipianes, naranjas, mandarina etc. Reyna tiene 24 años de edad y su negocio es venta de frutas y verduras, María tiene 48 años de edad y su negocio es de un taller de artesanía, Petrona socia de 45 años su negocio es venta de frutas y verduras ambulante y Jeaneth tiene 39 años y su negocio es la venta de frutas.

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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Tengo Fe Group's $1,975 loan helped a member to invest in buying fruit such as papayas, bananas, sapotes, pipianes, oranges, tangerines, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
May 7, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013