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El Me Da La Mano Group
In this Group: Avis Jemina, Gricela Auxiliadora, Guillermina Del Carmen

Update on El Me Da La Mano Group

The 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.
View original language description ↓
El grupo solidario está integrado por tres socias laboriosas, lo coordina la señora Avis de 40 años de edad, casada y madre de dos hijas de las edades de 9 y 5 años, quienes son su motivación para su superación, se dedicada a la comercialización de artesanías en los mercados de la capital y de la municipalidad desde hace 4 años, con los créditos anteriores la socia ha logrado aumentar el negocio, por tal razón la socia requiere el crédito, para invertirlo en artesanías de cerámicas, candelarias, repujados, hamacas, cotonas, etc., con el fin de seguir creciendo y mejorando la calidad de vida de ella y de su familia. Los otras socias son las señoras Gricela de 50 años quien ofrece el servicio de comida desde hace 9 años en su domicilio y Guillermina de 45 años comerciante de zapatos en el mercado más populoso de la capital y en el de la municipalidad.

Previous Loan Details

The 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,… More from El Me Da La Mano Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Me Da La Mano Group's $1,475 loan helped a member to buy ceramic handicrafts, candles, embossed crafts, hammocks, cotton coats, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2014
Listed
May 24, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014
This photo was used before for a previous loan for El Me Da La Mano Group. It was first posted on Kiva on Dec, 2013. Learn More