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Armonia 2 Group
In this Group: Martha Lorena, María Teresa, Debora Rebeca, Claudia
The “Armonia (Harmony) II” Group is made up of 4 hard-working and enterprising women, one of whom is Martha Lorena, 46 years old, who is coordinator of the group. In the year 2000 she began selling pozol (a hominy and pork dish) and later, with her earnings and loans, she began to prepare tortillas, tamales, boiled corn-on-the-cob, and other local specialties; then recently, she began selling scrap metal.

Martha has 6 children, of whom 4 minors still depend on her, and are helping out in her business. The loan will be used principally to buy scrap metal and a little of the remaining funds will be invested in each area of her business. Martha's main goal is to improve the condition of her house.

The other group members are Claudia Vanessa who is 27 years old and sells tortillas and cooked beans; Debora Rebeca, who is 23 and has sold tamales, beans, and tortillas for 2 ½ years now; and Maria Teresa, who is 38 and sells tortillas and beans, cottage cheese, and firewood.
View original language description ↓
El grupo Armonia II lo conforman cuatro personas trabajadoras y emprendedoras una de ellas es Martha Lorena de 46 años quien es la coordinadora del grupo. En el 2000 inició vendiendo pozol y tiste luego con las ganancias y los préstamos empezó a realizar tortillas, yoltamal, elotes cocidos, güirilas y hace poco vende chatarra.

Martha tiene seis hijos de los cuales solo los cuatro menores dependen de ella y son los que le ayudan el negocio. El crédito lo invertirá en la compra de chatarra principalmente y un poquito en cada negocio. Su meta principal es mejora las condiciones de su vivienda.

Las otras integrantes son Claudia Vanessa de 27 años quien vende tortillas y frijoles cocidos, Debora Rebeca de 23 años vende nacatamales, frijoles y tortillas desde hace 2 años ½ y María Teresa de 38 años quien vende tortillas y frijoles, cuajadas y leñas.

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
  • 50
    View loans »
    Nicaragua Loans Fundraising
  • $26,418,100
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Armonia 2 Group's $1,100 loan helped a member to buy scrap metal to recycle.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 12, 2011
Sep 26, 2011
Currency Exchange Loss:
Feb 15, 2012