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Gloria Group
In this Group: Socorro Del Rosario, Jeronima Isabel, Jose Alberto
This group is made up of three successful micro-entrepreneurs. One of them is José, 37. He's married and has made a living for two years selling plastic utensils on foot and in the market of his town. He and his companion are responsible for the business.

He'll invest the loan in buying plastic jugs, small baskets, glass cups, clay jars, purses, colanders, etc.

Socorro, 65, sells "fritos de cerdo" [fried pork dish]. Jerónima, 51, sells tortillas and has a small sewing workshop.
View original language description ↓
Este grupo está formado por tres microempresarios de éxito uno de ellos es José tiene 37 años de edad, acompañado tiene dos años de dedicarse a vender utensilios de plásticos de manera ambulante y en el mercado de su localidad, su compañera y él se encargan del negocio, el crédito lo invertirá en la compra de picheles plásticos, canastillos , tazas de vidrios, tinajas, monederos, coladores etc., Socorro tiene 65 años de edad y su negocio es la venta de fritos de cerdo, Jerónima tiene 51 años de edad y su negocio es la venta de tortilla y 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
  • 56
    View loans »
    Nicaragua Loans Fundraising
  • $26,430,500
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Gloria Group's $1,125 loan helped a member to buy jugs, baskets, cups, jars, purses, colanders, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 23, 2013
Apr 22, 2013
Currency Exchange Loss:
Sep 27, 2013