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Mil Flores Group
In this Group: Claudia Del Carmen, Maria Petrona, Merali
The members of this group are micro-entrepreneurs, which is formed by three partners, Claudia is one of them. Her business is food preparation; she makes “Fritanga” [Nicaraguan typical food] and lunches to order for the last 5 years. She is married and has a grown son who helps her with the business. She will utilize the loan to invest in the purchase of staple grains such as rice and beans and also to purchase cooking oil, beef, chicken meat, vegetables, perishables, etc. The other two partners are Merali who works at home, also selling “fritanga” and Maria who sells handcrafts made of cement such as mushroom sculptures, dining room furniture, etc.
View original language description ↓

Las socias son microempresarias emprendedoras formadas por tres socias, Claudia su negocio es fritanga y comida hace almuerzos por encargos actividad que viene realizando desde hace 5 años es casada y tiene un hijo mayor el cual le ayuda en el negocio, el crédito lo invertirá en la compra de granos básicos como arroz, frijoles, aceite, carne de res, carne de pollo verduras, productos perecederos etc. Merali también vende fritanga en su domicilio y María vende artesanía de cemento como hongos, comedor de cemento etc.

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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Mil Flores Group's $2,325 loan helped a member to purchase staple grains such as rice, beans, cooking oil, beef, chicken meat, vegetables and perishables.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Nov 8, 2012
Currency Exchange Loss:
Dec 8, 2012