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Vida 1 Group
In this Group: Freddy Enrique, María Azucena, Marco Antonio
This united group is comprised of three successful members. They are coordinated by 38 year old Marcos who has a partner and is the proprietor of a grocery store in the town market. He has been administrating the group for 2 years. They loan that they are requesting will be used to buy staple goods such as rice, beans, sugar, oil, spices, etc. The other members are 36 year old Freddy, who sells perishable goods, and 35 year old María, who sells food from home.
View original language description ↓
El grupo solidario está integrado por tres socios exitosos, coordinado por el señor Marcos coordinador, 38 años de edad y acompañado es propietario de una abarrotería en el mercado municipal tiene 2 años administrándolo, por lo que el crédito lo solicita para la compra de granos básicos como arroz, frijoles, azúcar, aceite, especies, etc. Otros de los socios es le señor Freddy de 36 años quien se dedica a vender perecederos y la señora María 35 años vende comida en el domicilio.

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.

About Nicaragua

  • $3,636
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of Vida 1 Group's $2,100 loan helped a member to buy staple goods such as rice, beans, oil, sugar, etc.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
May 17, 2014
Currency Exchange Loss:
Possible
Expired:
Jun 16, 2014