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Ricardo Rivera Group
In this Group: Maria Isabel , Celsa Isabel , Milagros De Los Angeles
The group consists of three entrepreneurial retailers. One of them is Milagros, a 37-year-old woman, who has two children under her care. Her 3-year-old business includes the sale of cosmetics through the following catalogs: Arebela, Avon, and Celza. She has been a client of the institution for a year. She has requested this loan to buy cosmetics with cash, such as creams, lotions, eye liner pencils, face treatments, etc. Celsa, a 38-year-old woman, works selling underwear, and María Isabel is a 37-year-old woman whose business involves the sale of various kinds of cosmetics.
View original language description ↓
El grupo está formado por tres comerciantes emprendedoras una de ellas es Milagros mujer de 37 años de edad, acompañada, con dos hijos bajo su cargo, su negocio es la venta de cosméticos por catálogos de Arabela, Avon y Celza desde hace 3 años, es cliente de la institución desde hace 1 año. El crédito lo solicita para comprar cosméticos al contado como es cremas, lociones, lápiz delineador, tratamientos faciales, etc. Celsa mujer de 38 años de edad se dedica al negocio de la venta de ropa interior y María Isabel mujer de 37 años de edad y su negocio es la venta de cosméticos variados.

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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Ricardo Rivera Group's $725 loan helped a member to buy cosmetics such as creams, lotions, eye liner pencils, face treatments, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Sep 27, 2013
Currency Exchange Loss:
Mar 17, 2014