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El Espino Group
In this Group: Vilma , Silvia María, Nidia
The group “El Espino” (The Hawthorn) consists of three hardworking and enterprising women who are originally from Nindiri. They have participated in 14 loan cycles with ADIM and have emerged as good clients. Three of their loans were provided through Kiva. They have also participated in training classes provided by ADIM and, according to them, have learned very much.

The group coordinator is Sra. Vilma, age 54. She manages a “fritanga”, a popular type of restaurant that sells fried foods. Vilma will invest her loan in the purchase of cheese, plantains, cabbages, oil, and other products. On the weekends she prepares soups, including those that contain chicken.

Vilma has eight children. Her youngest child is 16 years old and the only one who is still a dependent. During his free time, he helps the other two employees in Vilma’s business. In the future, Vilma wants to invest in butchered pigs.

The other two members are as follows:
• Silvia María, age 24, started out selling jewelry, but now she has a very profitable business selling tortillas.
• Nidia has been buying and selling corn for two years.
View original language description ↓
El grupo el Espino lo conforman tres mujeres trabajadoras y emprendedoras originarias de Nindiri ellas tienen 14 ciclos con Adim en los cuales se han perfilado como buenas clientas y han tenido tres prestamos con Kiva. Ellas han participado en las capacitaciones de Adim en las cuales según comentaron han aprendido mucho.

La coordinadora del grupo es la señora Vilma de 54 años quien tiene una fritanga, restaurante popular que consiste en la venta de comida frita en la cual invertirá el crédito con la compra de queso plátano, repollo, aceite… etc. Además los fines de semana realiza sopas especialmente las de gallina.

Ella tiene ocho hijos de los cuales el menor de 16 años es el único a su cargo quien en su tiempo libre junto a dos trabajadoras le ayuda en el negocio. Vilma desea invertir en un futuro en el destace de cerdo.

Las otras dos integrantes son Silvia María de 24 años quien en un inicio vendía Prendas (joyería) ahora tiene una tortillería ya que este negocio le es más rentable y Nidia compra y vende maíz desde hace 2 años.

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
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Espino Group's $450 loan helped a member to purchase cheese, plantains, cabbages, oil, and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 16, 2011
May 31, 2011
Currency Exchange Loss:
Oct 15, 2011