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Hermanos En Cristo Group
In this Group: Angela Del Socorro, Merling Del Socorro , Maricela Del Carmen
This group is formed by three members who are successful entrepreneurs. One of the members is Angela, who is 50 years old, married, and has three children. For 14 years now she has worked selling various merchandise, such as sapphire jewelry, new clothing, bedclothes and underwear. Previously she held raffles and sold raffle tickets in her community, as well as making and selling tortillas. The members of the group have been clients of the field partner for 12 years with more than 15 consecutive loan cycles, which they say shows they are punctual with their payments.

Angela is requesting a loan to buy sapphire jewelry such as rings, chains, wrist bracelets and ankle bracelets; and to buy clothing such as men’s and women’s pants, men’s and women’s shoes, bedclothes, men’s and women’s underwear, women’s shirts, men’s t-shirts, etc.

Merling is 29 years old and her business is selling sapphire jewelry and Avon cosmetics. Maricela is 26 years old and her business is selling food.
View original language description ↓
Este grupo está formado por tres socias emprendedoras de éxito una de ellas es Angela mujer de 50 años de edad, casada, con tres hijos y desde hace 14 años se dedica a la venta de mercadería en general como prendas zafiros, ropa nueva, ropa de cama, ropa interior, anteriormente vendía haciendo rifas en su comunidad, la hecha y ventas de tortillas tiene 12 años de ser clientes de la institución con más de 15 ciclos consecutivos quien ha demostrado ser muy puntual en sus pagos. El crédito lo invertirá en la compra de prendas de zafiro como anillos, cadenas, pulseras de mano, pulseras de pie, ropa como pantalón de varón, pantalón de mujer, zapatos de damas, zapatos de varón, ropa de cama, ropa interior damas, camisas de damas, camisetas de varón, bóxer de varón etc., Merling tiene 29 años de edad su negocio es la venta de prendas de zafiros y cosméticos de la Avon y Maricela tiene 26 años de edad y su negocio es la venta de comida.

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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of Hermanos En Cristo Group's $2,150 loan helped a member to buy sapphire jewelry such as rings, chains, wrist bracelets and ankle bracelets; and to buy clothing such as men’s and women’s pants, men’s and women’s shoes, bedclothes, men’s and women’s underwear, women’s shirts, men’s t-shirts, etc.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 8, 2013
Currency Exchange Loss:
Covered
Expired:
Jul 8, 2013