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El Buen Amigo Group
In this Group: Nohemi, Maria Cristina , Maria Dolores
This group is made up of 3 associates. One of them is Nohemi, 62, who has a partner and takes care of her sick sister. For 3 years, she has run her clothing and food sales business. This loan is to invest in blouses, underwear, children's clothing, shoes, pants and uniforms. The other associates and their businesses are Maria, 27, who sells food and María Dolores, 64, who buys and sells firewood.
View original language description ↓
Este grupo está conformado por tres socias una de ellas es Nohemi mujer de 62 años de edad, acompañada, tiene a cargo a su hermana enferma. Su negocio es la venta de ropa y comida desde hace 3 años. Este crédito lo invertirá para comprar blusas, ropa interior, ropa de niño, zapatos, pantalones, uniformes. María mujer de 27 años su negocio es la venta de comida y María Dolores tiene 64 años de edad y su negocio es compra y venta de leña.

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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Buen Amigo Group's $700 loan helped a member invest in blouses, underwear, children's clothing, shoes, pants and uniforms.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013