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Chocolate Group
In this Group: Cecilia Del Carmen , Luz Amanda , Ángela Del
The solidarity group named “Chocolate” comes from the central area of the city of Masaya. The group consists of three women entrepreneurs of humble origins who work every day to improve the lives of their families.

Cecilia del Carmen M. L. is 39 years old. She buys and sells crafts such as marimbas, hats, and handmade toys. She buys the toys in Monimbó (a city known for its artisan culture) and sells them according to the season and the level of demand. Her goal is to build a store where she can sell her products instead of having to rent a vending space.

Luz P. sells lingerie in “La Zona Franca” (a designated area where merchandise is sold free of import duties or taxes). She also makes candy and cookies at home and sells them to the neighborhood children. Ángela O. makes traditional candy and snacks (fried dough, popcorn, and plantain chips) that she sells wholesale to street vendors.

View original language description ↓
El grupo solidario Chocolate proviene del centro de la ciudad Masaya, formado por tres mujeres emprendedoras y de origen muy humilde que trabajan a diario para la mejora de las condiciones de vida de sus familias.

Cecilia del Carmen M. L. de 39 años de edad trabaja en la compra y venta de artesanías como lo son: Marimbas, Sombreros y juguetes hechos artesanalmente.

Compra los juguetes en Monimbó (ciudad destacada por su cultura artesanal) y los vende según la temporada y la demanda de estos. Su metaes construir una bodega para tener donde guardar sus productos ya que tiene que alquilar un local.

Luz P. vende lencería en la zona franca, y en su casa vende confites y galletas a los niños; Ángela O. hace dulces típicos y boquita (Crispetas churritos, palomitas, platanitos) que vende al por mayor a vendedores ambulantes.

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

  • $4,800
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Chocolate Group's $600 loan helped a member purchase seasonal merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 22, 2009
Sep 25, 2009
Currency Exchange Loss:
Feb 15, 2010