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Socorro Group
In this Group: Janeth Del Socorro , Myriam Janeth , Rosaura Del Socorro, Catalina Del Socorro
This group is composed of four enterprising members. One of them is Rosaura, 37, who is married and has two minor children. Her business for the last 8 years has been selling new clothes and shoes. She’s been a client of the institution for a year. She will use the loan to buy clothes like men’s pants, women’s pants, blouses, skirts, corsets, men’s shirts, sandals, women’s shoes, etc.

Janeth, 31, sells plastic ware and Catalina, 47, buys and sells fruit harvests like orange and tamarind and Myriam, 47, sells banana leaves at wholesale to make Nacatamales [Nicaraguan style tamales].
View original language description ↓
Este grupo está formado por cuatros socias emprendedoras una de ellas es Rosaura, mujer de 37 años, casada, y con dos hijos menores, desde hace 8 años su negocio es la venta de ropa, zapatos nuevos, tiene un año de ser cliente de la institución, el crédito lo invertirá en la compra de ropa como pantalón de varón, pantalón de mujer, blusas, faldas, talladoras, camisas para hombre, sandalias, zapatos de damas etc. Janeth es una mujer de 31 años su negocio es la venta de artículos plásticos y Catalina tiene 47 años de edad y su negocio es la compra y venta de cosechas como naranjas dulces, tamarindo etc. y Myriam tiene 47 años de edad y su negocio es la venta de hojas de chagüites para hacer nacatamales al por mayor.

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
  • 173
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Socorro Group's $3,225 loan helped a member to buy merchandise.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013