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Madrigales Norte Group
In this Group: Andrea Del Rosario , Maria Isabel , Maryuri Del Socorro
This group is comprised of three women entrepreneurs. One of them is Andrea, 53 and married, who has been selling meat, natacamales, and fried food for five years. She asks for a loan to buy beef, pork, palm leaves, string, firewood, sweetcorn, plantain, cheese, coal, cabbage, and tortillas. The other two members of the group are Maryuri, 25, who also sells natacamales, and María, 48, who sells pork.
View original language description ↓
Este grupo está formado por tres mujeres emprendedoras una de ellas es Andrea tiene 53 años de edad, acompañada, su negocio es la venta de carne de res, nacatamales, y fritanga desde hace 5 años, el crédito lo está solicitando para la compra por quintal de carne de res, carne de cerdo, hojas, mecates, leña, maíz, plátano, queso, carbón, repollo, tortillas. Maryuri tiene 25 años de edad su negocio es la venta de nacatamales y María tiene 48 años se dedica al negocio de la venta de carne de cerdo.

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $23,830,900
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Madrigales Norte Group's $725 loan helped a member to buy quintals of meat and other ingredients to make food to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013