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Las Palmeras Group
In this Group: Miryan Del Carmen , Maria Del Carmen , Blanca Azucena
The group comprises three small business owner, one of whom is Miryan, a 37-year-old woman who is in a relationship and has four children who are dependent on her, aged 19, 14, 13 and 12. She has been selling firewood for the last 10 years. Her partner helps her to buy the wood and slice it so it can be made into small bunches to sell. She has been a customer of the institution for one year now, and she is requesting this loan to buy logs at wholesale. The other members of the group are María, a 34-year-old woman who has a dressmaking business, and Blanca, a 39-year-old woman who sells bags and shoes.
View original language description ↓
Este grupo está formado por tres socias microempresarias una de ellas es Miryan mujer de 37 años de edad, acompañada, con cuatro hijos que dependen de ella de 19, 14, 13 y 12 años, su negocio es la venta de leña desde hace 10 años, su compañero le ayuda a comprar la leña y posteriormente rajarlas en pequeños manojos para después venderla. Tiene 1 año de ser cliente de la institución, el crédito lo solicita para comprar troncos de leña al por mayor. María mujer de 34 años de edad su negocio es un taller de costura y Blanca mujer de 39 años de edad y su negocio es la venta de bolsos y zapatos.

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
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Palmeras Group's $950 loan helped a member to buy logs at wholesale to sell for firewood.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014