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Las Elegidas Group
In this Group: Larry Antonio , Mercedes Salvadora , Anespajita
This group is made up of three hardworking, enterprising partners. Mercedes is one of them and she is 60 years old and a widow with a daughter. She has been selling used clothing for 15 years and her business is located in her home. She and her daughter serve customers and she has been working with the institution for six years. She will use the money from this loan to buy used clothing and new shoes. Anespajita, age 65 sells soft drinks, snacks, snow cones, and lottery tickets; and Larry, age 35, sells CDs.
View original language description ↓
Este grupo lo conforman tres socios luchadores y emprendedores una de ellos es Mercedes mujer de 60 años de edad, viuda, con una hija mayor bajo su cargo. Su negocio es la venta de ropa usada desde hace 15 años. Este negocio lo tiene ubicado en su domicilio, su hija y ella atiende a los clientes, tiene de ser cliente de la institución desde hace 6 años. El crédito lo solicita para la compra de ropa usada y compra de zapatos nuevos. Anespajita mujer de 65 años de edad se dedica al negocio de venta de refresco, golosina, gaseosa, raspadita, lotería y Larry hombre de 34 años de edad, su negocio es la venta de CD.

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.

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About Nicaragua

  • $3,636
    Average annual income
  • 137
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Elegidas Group's $1,975 loan helped a member to buy used clothing.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014