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Patricio Solis Group
In this Group: Jose Domingo, Miriam Del Carmen , Marisol Del Socorro
This group is made up of three enterprising members. One of them is Marisol, a 26 year old woman, who is in a long term relationship, and has two young children. Her business is selling artificial flowers, chischiles (Nicaraguan rattles) made of palm, and cleaning products such as detergent, bleach, soap, etc. She began this business 10 years ago and she makes her sales in the Granada market. She will invest this loan in the purchase basic materials for floral arrangements like plastic, wires, and wax as well as basic materials to make chischil (traditional Nicaraguan rattle) such as palms, covers, wood, etc. She also sells baking products, soap, bleach, etc.

Miriam is 45 years old and her business is making braided and beaded sandal straps. José is a 45 year old man whose business is producing handicrafts from palms.
View original language description ↓
Este grupo está formado por tres socios emprendedores una de ellas es Marisol mujer de 26 años de edad, acompañada, con dos hijos menores su negocio es la venta de flores artificiales, chischiles de palma, productos de limpieza de ropa como detergentes, jabón, cloro, hace etc. Esta actividad la viene realizando desde hace 10 años, ella misma vende en el mercado de Granada. Este crédito lo invertirá en la compra de materia prima para hacer adornos florales como plásticos, alambres, mechas, materia prima para hacer chischil como palma, tapas, madera etc., comercializa también cosa de horno, jabón, hace, cloro etc. Miriam tiene 45 años de edad y su negocio es fábrica de trensas de manila para sandalias y José hombre de 45 años de edad su negocio es artesanía en palma.

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
  • 60
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Patricio Solis Group's $700 loan helped a member to purchase basic materials for floral arrangements like plastic, wires, and wax as well as basic materials to make chischil (traditional Nicaraguan rattle) such as palms, covers, wood, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013