Los Canastitos Group
Doña María de los Ángeles is the group coordinator. She is 39 years old and works as a seamstress. She started her business several years ago when she left the Franca District, where she worked previously. Using the settlement payment from her old employer, she decided to buy a sewing machine so that she could open her own tailoring workshop.
She will use her loan to purchase materials and gradually expand her workshop. Her children will be able to work and study at the same time in order to get ahead.
Doña Rosa Adela T. works from home preparing and selling meals and beverages. Doña Ana Julia S. also works from home as a seamstress.
La coordinadora del grupo es doña María de los Ángeles de 39 años de edad, trabaja en costura, negocio que inició hace varios años cuando se salió de de la Zona Franca, donde había trabajado, y con su liquidación decidió comprar una máquina de coser para iniciar su propio taller de costura.
Su crédito lo requiere para invertir en la compra de materiales y poco a poco ir ampliando su taller, y que de esta manera sus hijas aprendan a trabajar y puedan estudiar valiéndose de ésta herramienta para salir adelante.
Doña Rosa Adela T. trabaja en la elaboración de comidas y frescos en su casa y doña Ana Julia S. trabaja como costurera en su hogar.
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.
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