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El Cueto Group
In this Group: Mercedes De Los Angeles, Juan Francisco, Luz Adilia
This group is made up of three enterprising partners, one of whom is 30-year-old Mercedes. She is single and has a four-year old daughter. Mercedes' business is a small grocery store that she has been running out of her home for seven years. She has been a member of the communal bank for four years, during which time she has shown herself to be reliable with her repayments. She has had eight loans thus far. Mercedes will invest this loan in buying basic goods such as rice, beans, sugar, oil, bread, soap, washing powder, toilet paper, make-up, chicken meat, red meat, soups and perishable goods. With her previous loan Mercedes was able to diversify her product range, for example by introducing make-up in her store. Luz is 44 years old and has a small café where she sells food. Juan is 55 years old and his business is selling oil and selling, maintaining and charging batteries for vehicles.
View original language description ↓
Es un grupo formado por tres socios emprendedores una de ellas es Mercedes tiene 30 años de edad soltera con una niña de 4 años de edad, su negocio es tener una pulpería en su domicilio desde hace 7 años consecutivos y de ser cliente de la institución tiene 4 años que a demostrado una buena cultura de pago son 8 créditos que lleva, el crédito lo invertirá en la compra de granos básicos como arroz, frijoles, azúcar, aceite, pan, jabón de baño, jabón de lavar ropa, jabón de lavar trastos, papel higiénicos, cosméticos variados, carne de pollo, carne de res, sopa magis, perecederos etc. Con el crédito anterior su negocio mejoro en cuanto a la diversidad de productos que no contaba en el pasado por ejemplo venta de cosméticos. Luz tienen 44 años de edad y su negocio es la de un Bar cafetín y venta de comida, y Juan tiene 55 años de edad y su negocio es la venta de aceite, venta de batería de vehículos, servicio y carga de batería.

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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Cueto Group's $1,775 loan helped a member to buy basic goods such as rice, beans, sugar, oil, toilet paper, make-up, chicken meat, red meat, soups and perishable goods.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 16, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013