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Bosco Monge Group
In this Group: Ingrid Jaritza, Claudio Benjamín, Adriana Del Socorro
The communal group is made of three workers and coordinated by Mr. Claudio, who is 53 years old, single, but who is the father of two children who are 4 and 11 years old. He makes a living by making food with a corn base like nacatamal and tortillas. He has had this business for 20 years and he counts on his mother's help. He is asking for a loan in order to purchase corn, pork, rice, onion, chilies, garlic and achiote (an adobo condiment). The other members of the group are Mrs. Adriana, who is 43 years old and owns a laundromat, and Ingrid who sells second hand clothing and Avon products.
View original language description ↓
El grupo solidario lo integran tres socios trabajadores y coordinado por el señor de 53 años, soltero pero padre de dos hijos de las edades de 4 y 11 años, elabora alimentos a base de maíz como es el nacatamal y tortillas principalmente, se ha dedicado a este negocio desde hace 20 años y cuenta con la ayuda de su mamá, por lo que el crédito lo solicita para la compra de quintal de maíz, carne de cerdo, arroz, cebolla, chiltoma, ajo, achote, etc. Los otros integrantes son las señoras Adriana de 43 años de edad propietaria de un auto lavado, e Ingrid comerciante de ropa de segunda y productos AVON

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,551,600
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Bosco Monge Group's $925 loan helped a member purchase corn, pork, rice, onion, chilies, garlic, achiote etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014