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Artesanas Unidas Group
In this Group: Maria Elena , Luisa María , Gregoria Bernarda
The ARTESANAS UNIDAS (United Artisans) group is on its third loan cycle. They live in the town of San Juan de Oriente. They are poor but enterprising people who have completed primary education; this enables them to express themselves and they have established workshops in their homes, enabling them to see their children while also providing work for the whole family.


The ADIM loan has enabled them to improve their family's living standards since they invest their earnings in the business and in home improvements.María Elena L. M. is married. She and her husband have expanded their workshop, in which they have been carrying on the trade learned from their parents since they decided, as newly-weds, to go into business.


Training provided by ADIM has enabled her to understand that she is a micro-entrepreneur and taught her how to monitor things so as not to lose money on her business. She personally sets prices and controls product quality. She hopes to continue obtaining loans so as to continue making improvements; her dream is to improve her house and enable her children to study so that they can have a better standard of living.

View original language description ↓
El g/s ARTESANAS UNIDAS ellos están en su tercer ciclo son de la comunidad de San Juan de Oriente, son personas humildes pero emprendedoras, tiene la primaria aprobada y eso les permites ser bien expresivas y han logrado tener sus talleres en sus casas y así poder ver a sus hijos y dar trabajo a toda la familia. Con el crédito de adim han tenido la oportunidad de mejorar el nivel de vida de su familia, ya que con las ganancias además de invertir en sus negocios también han realizado mejoras en sus hogares. Doña María Elena L. M. es casada, junto a su esposo han logrado hacer crecer el taller, este oficio lo han aprendido de sus padres y al casarse decidieron establecer uno propio, esta señora expresa que con las capacitaciones de Adim ella ha logrado comprender que es microempresaria y como se debe de llevar controles para no perder en el negocio, ella es quien se entiende por entero de fijar los precios y del control de la calidad de sus productos. Espera seguir obteniendo créditos para seguir mejorando ya que su sueño es mejorar su casa y que sus hijos estudien y tengan un mejor nivel de vida.


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
  • 120
    View loans »
    Nicaragua Loans Fundraising
  • $24,427,250
    Funds lent in using Kiva
  • 20.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Artesanas Unidas Group's $425 loan helped a member invest in producing handcrafts so as to offer more variety to their customers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2009
Listed
Jan 29, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009