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Chocolate Group
In this Group: Luz Amanda, Cecilia Del Carmen, Angela Del Socorro, Yesling Auxiliadora
The “Chocolate” group is made up of four hard-working, dedicated and determined women. One of whom is Cecilia del Carmen L., group coordinator, who sells handicrafts in various departments.

Her fellow group members are Luz Amanda Palacio, grocery store owner, Ángela del Socorro O., who has sold popcorn and soy chicharrones (fried pork rinds) for 10 years, and Yeslina Auxiliadora V. who has sold picos (triangular pastry stuffed with cinnamon, sugar and cheese) for the last 5 years. They all need funds to invest in their businesses to improve them.
View original language description ↓
El grupo chocolate está conformado por cuatro mujeres trabajadoras, esforzadas y decididas una de ellas es Cecilia del Carmen L., coordinadora del grupo la cual se dedica al comercio de artesanía la cual distribuye en los departamentos.
Sus compañeras de grupo son Luz Amanda Palacio propietaria de una mini pulpería, Ángela del Socorro O. vende palomitas y chicharrón de soya desde hace diez años y Yeslina Auxiliadora V. vende picos desde hace cinco años. Ellas el crédito lo invertirán en sus negocios para mejorarlo.

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
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 21.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Chocolate Group's $975 loan helped a member to buy handicrafts.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 15, 2010
May 23, 2010
Currency Exchange Loss:
Nov 15, 2010