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Las Madres Group
In this Group: Darling Del Socorro , Glenda , Jaritza De La Concepcion
The group is made up of three micro-businesswomen. One of them is Darling. She is a 33-year-old woman, and lives with her four children (ages 13, 12, 11, and 3). Her business is selling sunglasses and cellphone accessories. She has been doing this for seven years. Her husband helps her attend to the store. She has been a member of the communal bank for six years.

The loan she is requesting is for the purchase of luxury sunglasses, cases, protective coverings, hands-free sets, home and car chargers, phone holders that attach to the windshield, etc.

Jaritza is a 20-year-old woman and her business is selling glasses and phones, and Glenda is a 34-year-old woman whose business is selling sunglasses and special cloths for cleaning cars.
View original language description ↓
El grupo está formado por tres socias microempresarias una de ellas es Darling mujer de 33 años de edad, acompañada con cuatro hijos de 13, 12, 11 y 3 años. Su negocio es la venta de anteojos y accesorios para celulares desde hace 7 años, su esposo y ella atienden su negocio, es cliente de la institución desde hace 6 años. El crédito lo solicita para comprar lentes de lujos, carcasa, protectores, manos libres, cargadores de casa, de vehículo, parabrisas, etc. Jaritza mujer de 20 años de edad su negocio es la venta de gafas y celulares y Glenda mujer de 34 años de edad y su negocio es la venta de lentes de sol, lanillas para limpiar carros.

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
  • 152
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Madres Group's $1,275 loan helped a member to buy cases, protective coverings, hands-free sets, home and car chargers, phone holders that attach to the windshield, luxury sunglasses, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Aug 18, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014