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Maria Auxiliadora Group
In this Group: Mario Jose, Maria Lucrecia , Alexander Jose, Lesbia Del Carmen
Mario is one of the four members of the María Auxiliadora group. He is 41 years old, married, and has three children. For three years he has had a business selling staple foods; he sells his products in Granada and Masaya. He has been a client of the institution for five years. He needs the loan to buy a quintal [46 kg] of beans and a quintal of corn.

Lesbia is 44 years old and her business is selling nacatamales [traditional Nicaraguan banana-leaf-wrapped tamales]. Alexander is 27 years old and his business is selling staple foods. María, a 43-year-old woman, sells fruit.
View original language description ↓
Mario es uno de los cuatro integrantes del grupo María auxiliadora tiene la edad de 41 años, casado, con tres hijos, su negocio es la venta de granos básicos desde hace 3 años, comercializa sus productos en Granada y Masaya. Tiene de ser cliente de la institución 5 años, el crédito lo requiere para la compra de quintal de frijoles y quintal de maíz, Lesbia tiene la edad de 44 años su negocio es la venta de nacatamales, Alexander tiene la edad de 27 años su negocio es la venta de granos básicos, María mujer de 43 años se dedica a la venta de frutas.

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
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria Auxiliadora Group's $3,125 loan helped a member to buy a quintal [46 kg] of beans and a quintal of corn.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2013
Listed
Jan 18, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014