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Bandera De España Group
In this Group: Marcela Judith, Jessenia Del Socorro, Perla Esmeralda, Elmer Jose , Reyna Isabel, Janet Del Carmen
The solidarity group “Bandera de España” (Banner of Spain) consists of six enterprising members. The group coordinator is Sra. Marcela. She is 21 years old, married, and the mother of a three-year-old son. Marcela wants to improve her son’s quality of life by providing him better living conditions. She is the owner of a store that she operates with the help of her husband. The loan she is requesting will be used to buy staple products such as rice, beans, sugar, oil, cases of soap, toothpaste, dishwashing soap, shampoo, and other items. Her previous loan allowed her to sell products that she wasn’t able to before, which helped to increase her business.

The other members are as follows:
• Sra. Jessenia is 24 years old and works as a fruit merchant. Her main customers are from the capital. The loan she is requesting will be used to buy nance fruit, hog plums, Spanish limes, and other products.
• Sra. Janet is 49 years old and sells cocktails along the main roads in Granada, Masaya, and Catarina.
• Sra. Perla is 27 years old. She works as a fruit and vegetable merchant. The loan she is requesting will be used to buy pumpkins, chayote squash, nance fruit, Spanish limes, hog plums, and other products.
• Sr. Elmer is 34 years old. He manufactures and sells baskets in the capital.
• Sra. Reyna is 28 years old. She has been selling fruits and vegetables in her town for two years. Her loan will be invested in mangos, Spanish limes, nance fruit, and other products.
View original language description ↓
El grupo solidario Bandera de España, es integrado por seis socios emprendedores, y es coordinado por la señora Marcela de 21 años de edad, casada y madre de un hijo de tres años, por quien se ha propuesto mejorar su calidad de vida para poder ofrecerle mejores condiciones de vida, es propietaria de una pulpería, y cuenta con el apoyo de su esposo, el crédito lo solicita para la compra de granos básicos como es arroz, frijol, azúcar, aceite, cajas de jabón, pasta dental, jabón para lavar trastos, shampoo, etc., con el crédito anterior la socia logro implementar la venta de productos que antes no vendía y se ha propuesto seguir aumentando su negocio. Otra de las socias es la señora Jessenia de 24 años de edad, comerciante de frutas sus principales clientes son de la capital y el crédito lo solicita para la compra de nancites, jocote, mamón, etc., la señora Janet de 49 años de edad, quien se dedica a la comercialización de coctel en las principales calles de Granada, Masaya y Catarina, la señora Perla de 27 años de edad, comerciante de frutas y verduras, el crédito lo solicita para la compra de ayote, chayote, nancite, mamón, jocote, etc., el señor Elmer de 34 años de edad, quien elabora y vende canastos en la capital, y la señora Reyna de 28 años de edad, comerciante de frutas y verduras en la municipalidad desde hace dos años, el crédito lo invertirá en la compra de mango, mamón, nancite, etc.

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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 26.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Bandera De España Group's $1,500 loan helped a member to buy rice, beans, sugar, oil, cases of soap, toothpaste, dishwashing soap, shampoo, and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 15, 2014
Aug 21, 2014
Currency Exchange Loss:
Feb 17, 2015