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Flor Del Oto Group
In this Group: Michael Josue , Flor De Maria , Karla Patricia
This group is made up of three small business owners. Michael is one and is a hardworking, 28 year old man. He is married and has two children, ages 6 and 2. He has been selling various products for seven years on foot in the Masaya market. He has been working with the institution for two and a half years and is asking for this loan to buy inventory such as rubber scrubbers, towels, rubber slippers, etc. Karla, age 22, sells various products such as towels, scrubbers, and slippers; and Flor, age 21, sells various products such as slippers, hair pins, scrubbers, and towels.
View original language description ↓
El grupo lo conforman tres socios microempresarios uno de ellos Michael hombre trabajador de 28 años de edad, acompañado, con dos hijos de 6 y 2 años. Su negocio es vender productos variados desde hace 7 años, sus productos los comercializa ambulante en el mercado de Masaya. Tiene 2 años y medio de ser cliente de la institución. El crédito lo solicita para comprar más inventario de talladores, toallas, chinelas de hule, etc. Karla mujer de 22 años de edad su negocio es comercializar productos varios como toallas, talladores, chinelas y Flor mujer 21 años su negocio es la venta de productos variados como chinelas, prensadores, talladores, toallas.

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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,754,375
    Funds lent in using Kiva
  • 25.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor Del Oto Group's $1,275 loan helped a member to buy merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 8, 2013
Sep 27, 2013
Currency Exchange Loss:
Mar 17, 2014