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Solano Group
In this Group: Silvana Del Carmen, Hortensia Leonor , Maria De Jesus
This group consists of three members. One of them is Hortensia, 28. She has a spouse and two children. Her business for the last six years has been making and selling tortillas. She’s been a client of the institution for four years and is punctual with her payments. She will use the loan to buy raw materials like corn by the quintal, firewood, lime powder, plastic bags, etc.

Silvana, 44, sells nacatamales [Nicaraguan style tamales] and María, 44, sells new clothes and costume jewelry.
View original language description ↓
Este grupo está formado por tres socias una de ellas es Hortensia, tiene 28 años de edad, acompañada, con dos hijos, su negocio es la hecha y venta de tortilla desde hace 6 años, tiene 4 años de ser cliente de la institución siendo puntual en sus pagos, el crédito lo invertirá en la compra de materia prima como maíz por quintal, leñas, cal, bolsas plásticas etc. Silvana tiene 44 años de edad y su negocio es la venta de nacatamales y María tiene 44 años de edad y su negocio es la venta de ropa nueva y bisutería

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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Solano Group's $1,300 loan helped a member to buy raw materials like rice, lime water, firewood, plastic bags, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013