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El Recreo Group
In this Group: Guillermina Nicolasa, Sayra Del Socorro, Nereyda Del Socorro , Odell Ricardo
This is a dedicated group, coordinated by Señora Nereyda. She is 31 years old, and she is in a relationship. She has 4 children, ages 14, 11, and 2 years, plus her 5-month-old baby. They are the reason that she continues to strive and move forward--to give them what is needed for them to develop.

She sells a variety of spices, and the loan that she is requesting is for the purchase of spices such as chamomile, cloves, cinnamon, punto azul [blue point], etc. She sells them on the main streets of the capital in order to increase her sales and thus obtain more income.

Another member is Señora Guillermina, age 45, who sells a variety of spices, and also buys and sells shoes for children and adults. The member Odell, age 19, works in a shoemaking shop; and Señora Sayra has worked buying and selling seasonal fruit for 25 years.
View original language description ↓
Es un grupo esforzado, la coordinadora es la señora Nereyda de 31 años de edad, acompañada y madre de cuatro hijos de la edades de 14, 11, 2 años y un bebé de 5 meses, quienes son su motivo para seguir esforzándose y salir adelante para proporcionarles a sus hijos lo necesario para su crecimiento, se dedica a la venta de variedad de especies y el crédito lo requiere para la compra de especies como es la manzanilla, clavo de olor, canela, punto azul, entre otro, lo comercializa en las principales calles de la capital para aumentar las ventas y así obtener mayores ingresos. Otra integrante es la señora Guillermina de 45 años, que vende variedad de especie y también a la compra-venta de zapatos de niños y adultos, también encontramos al socio Odell de 19 años quién labora en un taller de zapatería y la señora Sayra de 25 años dedicada a la compra-venta de frutas de temporada.

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

  • $4,800
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 26.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Recreo Group's $1,550 loan helped a member to purchase spices such as chamomile, cloves, cinnamon, flax seed, punto azul [blue point], etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2014
Listed
Apr 5, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014