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Siloe Group
In this Group: Claudia Javiera, Rafaela De Jesus, Flora Eufemia
[The group] is made up of three entrepreneurs. One of them is Claudia, a married woman with two children. For five years, she has been butchering pigs in her house and selling the meat from her house and on the street. The objective of this loan is to buy live pigs.

Flora is another partner. She is 43 years old and her business is also butchering pigs.

Rafaela is 50 years old and her business is selling fried food.
View original language description ↓

Formado por tres emprendedoras una de ellas es Claudia mujer casada, dos hijos, desde hace 5 años se dedica al destace de cerdo en su domicilio quien lo comercializa en su domicilio y ambulante, el objetivo de este préstamo es para la compra de cerdos en pie. Flora es otra socia tiene 43 años de edad y su negocio es el destace de cerdo también y Rafaela tiene 50 años de edad y su negocio es la venta de fritanga.

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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $25,787,975
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Siloe Group's $2,100 loan helped a member to buy live pigs.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014