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Buenos Aires Group
In this Group: Sonia Del Socorro , Cesar Augusto , Kathya Paola , Maria Teresa
This group is composed of four member entrepreneurs. One of them is Cesar, a 61-year-old, married man with two adult children. He’s from Nindiri and has had a shoe repair shop for ten years. He requests the loan to buy raw materials like leather, white glue, patent leather, yellow glue, sandpaper, thread to sew shoes, faux leather, shoe soles, etc.

María Teresa, 44, has a home-based tortilla shop, Kathya, 23, sells costume jewelry and perfume and Sonia sells new clothes and Avon cosmetics.
View original language description ↓
Este grupo está formado por cuatro socios emprendedores, uno de ellos es Cesar hombre de 61 años de edad, casado, con dos hijos mayores, originario de Nindiri tiene 10 años de tener un taller de calzado, su préstamo lo solicita para invertir en la compra de materia prima como cuero, pega blanca, charol, pega amarilla, lijas, hilo para coser zapatos, cuerina, suela de zapatos etc. María Teresa tiene 44 años de edad su negocio es la venta de tortillas en su domicilio y Kathya tiene 23 años de edad su negocio es la venta de bisutería y perfumen y Sonia su negocio es la venta de ropa nueva y cosmeticos de la Avon.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Buenos Aires Group's $650 loan helped a member to buy shoe repair supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013