El Me Da La Mano Group
Update on El Me Da La Mano GroupThe communal bank is made up of three hardworking members. The coordinator is Avis, 40 years old, married and mother of two daughters of 9 and 5 years old, who are her motivation to overcome. She works selling handicrafts in the markets of the capital and the town.
For four years, with previous loans, she has been able to grow the business, and for this reason she needs a loan now, to invest in ceramics, candles, embossed crafts, hammocks, cotton coats, etc. with the aim of continuing to grow and improving the quality of life of herself and her family.
The other members are Gricela, 50 years old, who has been offering a food service from her home for 9 years, and Guillermina, 45 years old, who sells shoes in the most populous market of the capital and in the town.
Previous Loan DetailsThe communal bank has three hard working members. Avis, 39, belongs to the group, is single, and has two children. She has been selling handicrafts for three years and has been a client of the institution for a year and a half. She will use this loan to buy decorative ceramic crafts like moons, s... More from El Me Da La Mano Group's previous loan »
About ADIMLocated 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.
Concurrent and Successive Loans
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.
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Success!! The loan was 100% repaid
- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- May 8, 2014
- May 24, 2014
- Currency Exchange Loss:
- Dec 17, 2014