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Michael Group
In this Group: Agne Janett, Carmen Idalia , Rebeca
The group "Michael" is made up of 3 enterprising and hardworking women. One of these is Agne Janett A. José, who has been the coordinator of the group since 1990, and who makes and sells handicrafts. She manages the establishment and finances, while her husband works in the production of wooden handicrafts. A. will invest the loan in materials for the workshop and in the purchase of handicrafts for the store, with the goal of some day exporting her products.

Her fellow group members are Rebeca V. G., who has a small store and makes wooden handicrafts, and Carmen Idalia C. H., who has been working selling video games for approximately a year.
View original language description ↓
El grupo Michael está integrado por tres mujeres trabajadoras, esforzadas y emprendedoras una de ellas Agne Janett A. José, coordinadora del grupo quien desde 1990 vende y produce artesanías. Ella administra el establecimiento y las finanzas mientras su esposo trabaja en la producción de artesanías de madera.
A. invertirá el crédito en materiales para el taller y en la compra de artesanías para el local con la meta de algún día exportar sus productos.

Sus compañeras de grupo son Rebeca V. G. quien tiene una pequeña venta y realiza artesanías en madera y Carmen Idalia C. H. quien tiene trabaja con video juegos desde hace aproximadamente un año.

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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 21.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Michael Group's $1,025 loan helped a member to buy materials to make wooden and other handicrafts.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 20, 2010
May 24, 2010
Currency Exchange Loss:
Dec 15, 2010