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Luz Eterna Group
In this Group: Alejandra Vanessa , Adriana Soledad, Fatima Raquel
This group is made up of three members, one of whom is 40-year-old Fátima. She has two children; one is 22 years old, and the other is 9. Fátima has had a business selling new clothes, and Avon and Zermat products for eight years. She sells her products in her community and has been with the communal bank for four years. Fátima is applying for a loan to buy clothes, such as shirts, t-shirts, trousers, shorts, bath towels, Lycra clothing, and cosmetics, such as facial cream, body creams, hand creams, men's and women's perfumes, and more. Adriana is 29 years old and has a grocery store that she runs out of her home. Thirty-two-year-old Alelandra has a business selling clothes, shoes, fizzy drinks, and ice creams.
View original language description ↓
El grupo está formado por tres socias una de ellas es Fátima mujer de 40 años de edad, casada, con dos hijos de 22 y 9 años. Su negocio es la venta de ropa nueva, cosmético de Avon y Zermat desde hace 8 años, sus productos los comercializa en su comunidad, tiene 4 años de ser cliente de la institución financiera, el crédito lo solicita para comprar ropa, camisetas, camisas, pantalones, chores, toallas de baño, talladores, licras y cosméticos crema facial, crema para el cuerpo, crema de manos, perfume de dama y varón, etc. Adriana mujer de 29 años su negocio es una pulpería en su domicilio y Alejandra de 32 años de edad, su negocio es la venta de ropa, zapatos, refrescos, helados.

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
  • 174
    View loans »
    Nicaragua Loans Fundraising
  • $23,201,925
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Eterna Group's $2,375 loan helped a member to buy clothes, such as shirts, t-shirts, trousers, shorts, bath towels, Lycra clothing, and cosmetics, such as facial cream, body creams, hand creams, men's and women's perfumes, and more.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Aug 18, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014