Update on Talula GroupThe Talula group is comprised of three successful members, one of whom is Soraya. She is 31 years old, married and has two minor children. She has been in business selling tripe soup for seven years and has been a client of the institution for five years. She is requesting a loan to buy supplies such as firewood, yucca plant, cabbage, tuber, tripe, onion, sweet pepper, tomato, squash, bitter orange, etc.
Jeysi, 44, is a street vendor and sells coffe, bread and milk. Maria, 50, has a sewing and embroidery shop that she runs from home.
Previous Loan DetailsThis group is made up of four enterprising women. One of them is Soraya. She is 31 and married, with two minor children. She sells assorted soups in a local market. She started her business selling Nicaraguan tamales, natural soft drinks, and ice cream as a street vendor. Now she has a fixed plac... More from Talula Group's previous loan »
About ADIMLocated 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.
Concurrent and Successive Loans
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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Success!! The loan was 100% repaid