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Los Sanchez Group
In this Group: Mariana , Margarita Concepcion , Elizabeth De Los Angeles
This group is made up of three enterprising members. One of them is Mariana, 41. She's married and has three children, ages 19, 15, and 10.

Mariana's business for the last 10 years has been selling tortillas and cooked corn. She has two young women who help her make the tortillas. She sells her products in her community.

She's requesting the loan to invest in buying metal sheets, a load of firewood, bags of corn on the cob, and a quintal of corn.

Margarita, 29, has a grocery store. Elizabeth, 20, sells nacatamales [Nicaraguan-style tamales].
View original language description ↓
Este grupo está formado por tres socias emprendedoras una de ellas es Mariana mujer de 41 años de edad, acompañada, con tres hijos de 19, 15 y 10 años, su negocio es la venta de tortillas y elotes cocidos desde hace 10 años. Tiene dos muchachas particulares que le ayudan en la elaboración de las tortillas. Sus productos los comercializa en su comunidad. El crédito lo solicita para invertir en comprar láminas de zinc, fletes de leña, sacos de elote y quintal de maíz. Margarita mujer de 29 años de edad y su negocio es una pulpería y Elizabeth mujer 20 años de edad y su negocio es la venta de nacatamales.

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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Sanchez Group's $850 loan helped a member to buy metal sheets, firewood, and corn.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Aug 17, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013