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Mil Flores Group
In this Group: Claudia Ramona, Claudia Del Carmen , Erick Javier , Merali
This group consists of four enterprising members. One of them is Claudia, a 50-year-old woman who is married and has one child. Her business involves selling fried foods and breakfasts at a market in Masaya. She has been in business for 12 years and has worked with ADIM as a client for four of those years. Her loan will be invested in the purchase of supplies such as 30 pounds of chicken, 20 pounds of beef, 20 pounds of raw beans, 150 green plantains, 150 ripe plantains, 3 gallons of oil, 1 gallon of tomato sauce, 1 gallon of vinegar, 5 units of cabbages, 1 gallon of mustard, 5 pounds of onions, and other items.


The other members are as follows:
• Merali is 34 years old and has a business of selling fried foods from her home.
• Erick is 31 years old and has a business of selling dairy products. He also provides motorcycle taxi services.
• Claudia is 45 years old and has a business of selling furniture and ceramics.

View original language description ↓
Grupo formado por cuatro socios emprendedores una de ellas es Claudia mujer de 50 años, casada, con un hijo su negocio es la venta de fritangas y almuerzos en el mercado de Masaya, actividad que viene realizando desde hace 12 años, 4 años de estar trabajando la institución como clientes, este crédito lo invertirá en la compra de materia prima como 30lbs de carne de pollo, 20 lbs de carne de res, 20 lbs de frijoles crudos, 15º plátanos verdes, 150 plátanos maduros, 3galones de aceite, 1 galón de salsa de tomate, 1 galón de vinagre, 5 unidades de repollo, 1 galón de mostaza, 5lbs de cebolla,etc. Merali, tiene 34 años de edad y su negocio es la venta de fritanga en su domicilio, Erick tiene 31 años de edad y su negocio es la venta de productos lácteos y brinda servicio de moto taxis, Claudia tiene 45 años su negocio es la venta de muebles y cerámicas.

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
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mil Flores Group's $2,975 loan helped a member to buy chicken, beef, raw beans, green plantains, ripe plantains, oil, tomato sauce, vinegar, cabbages, mustard, onions, and other supplies.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014