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Jul 22, 2016 12:15 EST

Nicaragua – Yarha Group: A loan of $1,975 helps a member to buy basic grains, meat, milk, eggs, and soft drinks.

iCrowdNewswire - Jul 22, 2016

Yarha Group

 
Managua, Nicaragua / Grocery Store
 
Borrower image

Yarha Group’s story

The Yarha solidarity group is comprised of three successful small businesswomen. They are requesting loan number 23 from the institution. They are doing so in order to develop their businesses and to improve their earnings.

María, age 45, is the coordinator. She is in a relationship, and she has a ten year old son. Fifteen years ago she undertook a grocery store business with the help of her life partner.

She will use the loan to buy basic grains, meat, milk, eggs, and soft drinks. With the earnings from the previous loan she managed to improve her house.

The second member is Rosa, age 49. She sells clothes and shoes. The third member is Ruth, age 23. She sells soft drinks.

In this group: Rosa Argentina, Maria Auxiliadora, Ruth Noemi
*not pictured 

Translated from Spanish by Kiva volunteer Ginny Kalish View original language description 

This loan is special because:

It includes access to emergency credit, should the borrower need it. 

Wesley
Kiva staff 

More about this loan 

About ADIM (Asociación Alternativa Para el Desarrollo Integral de las Mujeres):

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.

A loan of $1,975 helps a member to buy basic grains, meat, milk, eggs, and soft drinks.

Contact Information:

Yarha Group

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