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Jul 24, 2016 5:03 EST

Nicaragua – El Crucero Group: A loan of $1,650 helps a member to buy basic grains, meat, oil, milk, and detergent.

iCrowdNewswire - Jul 24, 2016

El Crucero Group

 
Managua, Nicaragua / Grocery Store
 
Borrower image

El Crucero Group’s story

The “Crucero” loan group has three plucky women as members. The group coordinator is 28-year-old Virginia. She is married and has two children, ages eleven and eight years old each.

Three years ago, Virginia started a grocery shop where she offers a variety of products. As well as some financial help from her husband, Virginia is making her sixth application for a Kiva loan in order to buy basic grains, meat, oil, milk, and detergent.

Virginia used profits from her previous loan to buy two freezers. Her goal is to keep expanding her business.

The other members of this group are: Elizabeth, 32 years old and owner of a grocery shop; and Migdalia, 49 years old, who makes a living producing and selling fried snacks.

In this group: Virginia Isabel , Migdalia Concepcion, Elizabeth Del Carmen
*not pictured 

Show previous loan details

Translated from Spanish by Kiva volunteer Iain Gaw 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 $1,650 helps a member to buy basic grains, meat, oil, milk, and detergent.

Contact Information:

El Crucero Group

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