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Consuelo Group
In this Group: Judith Elena , Brunilda Del Carmen , Maribel Del Socorro
The group is made up of three micro-business women. One of them is Brunilda, a 59 year old woman. Her business has been selling tortillas for 4 years. She sells them from her house. She has been a client of the institution for 6 years. She is asking for the loan to buy a quintal of corn, firewood, lime, and bags. Judith is a 36 year old woman and her business is selling new clothes. Maribel is a 30 year old woman and her business is selling clothes and sandals.
View original language description ↓
El grupo lo conforman tres socias microempresarias una de ellas Brunilda mujer de 59 años, soltera, su negocio es la venta de tortillas desde hace 4 años, ella las comercializa en su domicilio. Tiene de ser cliente de la institución 6 años. El crédito lo solicita para la compra de quintal de maíz, leña, cal, bolsas. Judith mujer de 36 años su negocio es la venta de ropa nueva, Maribel mujer de 30 años su negocio es la venta de ropa y sandalias.

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Consuelo Group's $1,475 loan helped a member to buy a quintal of corn, firewood, lime, and bags.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014