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La Reforma Group
In this Group: Roger Antonio , Mariana Catarina , Gilberto , Elena Del Carmen
This is a group formed by four entrepreneurial partners from Masaya. One of them, Gilberto, has been the owner of a carpentry workshop for 30 years, has a child, is married, and has two salaried employees that help him in the production process. The loan will be invested in the purchase of wood, sandpaper, sealants, varnish, reeds, etc.

Elena is also the owner of a carpentry workshop, Roger sells vegetables, and Mariana has a small sewing shop.
View original language description ↓
Este es un grupo formado por cuatros socios emprendedores originarios de Masaya uno de ellos Gilberto quien es dueño de un taller de carpintería desde hace 30 años, tiene un hijo, es casado y tiene dos empleados asalariados quienes le ayudan en el proceso de producción, el crédito lo invertirá en la compra de madera, lijas, selladores, barniz, junco etc. Elena también es propietario de un taller de carpintería, Roger vende legumbres y Mariana tiene un pequeño taller de costura.

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
  • 45
    View loans »
    Nicaragua Loans Fundraising
  • $26,251,375
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of La Reforma Group's $1,375 loan helped a member to buy raw materials like wood, sandpaper, sealants, varnish, reeds, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 9, 2012
Jan 1, 2013
Currency Exchange Loss:
May 17, 2013