Check out some available loans that are similar to this one!
El Encanto Group
In this Group: Magdalena , Rita Maria, Elia Maria
This group is made up of three micro businesswomen. One of them is Magdalena. Magdalena is 51 years old, widowed, and has three adult children. Her business is running an ornamental plant nursery in the Mata Guayaba district of Masaya. She has run this business for 12 consecutive years and her eldest son helps her out.

Magdalena will invest the loan money she has requested in buying "Black Prince' roses, 'Sea Spray' roses, 'Super Carmen' roses, 'Colombian' roses, 'Blaze' roses, ''Beautiful firmament' roses, etc.

Rita is 33 years old and also has a plant nursery business. Elia is 37 years old and her business is selling tamales.
View original language description ↓
Este grupo está formado por tres microempresarias una de ellas es Magdalena mujer de 51 años de edad, viuda y con tres hijos adultos. Su negocio es de un vivero de plantas ornamentales en la comarca mata guayaba de Masaya, este negocio lo tiene desde hace 12 años consecutivos, su hijo mayor le ayuda en el negocio, el crédito solicitado lo invertirá en la compra de rosa príncipe negro, rosa espuma de mar, rosa súper Carmen, rosa colombiana, rosa llamarada, rosa bello firmamento etc., Rita tiene 33 años de edad y su negocio es venta de plantas viveros y Elia tiene 37 años de edad y su negocio es venta de nacatamales.

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
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $25,756,600
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Encanto Group's $475 loan helped a member to buy 'Black Prince' roses, 'Sea Spray' roses, 'Super Carmen' roses, 'Colombian' roses, 'Blaze' roses, 'Beautiful Firmament' roses, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 26, 2013
Apr 22, 2013
Currency Exchange Loss:
Sep 27, 2013