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Sep 6, 2016 7:58 AM ET

Archived: Nicaragua: Flor De Jerico Group – A loan of $950 helps a member to buy corn, meat, rice, bacon and potatoes.

iCrowdNewswire - Sep 6, 2016

Flor De Jerico Group

Managua, Nicaragua / Food Production/Sales
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Flor De Jerico Group’s story

Flor de Jericó is a communal bank formed by three hardworking people who make an effort every day to make their businesses thrive.

The group is coordinated by Myriam who is 61 years old, married and has a grandson under her care. She sells nacatamales (Nicaraguan tamales), and she has done it for the last 12 years.

She is now requesting her third loan to buy corn, meat, rice, bacon and potatoes with the objective of increasing her product offering. With her previous loan she was able to improve her house.

The second member of the group is Yadira, age 55, who sells fried food and soup, and the other member is Juan, age 43, who has his own carpenter’s workshop and also makes upholstery.

In this group: Myriam Del Socorro , Yadira Maria, Juan Carlos
*not pictured

Show previous loan details

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Translated from Spanish by Kiva volunteer Marila AranaView original language description 

This loan is special because:

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

Kiva staff 

More about this loan 

About Asociación Alternativa Para el Desarrollo Integral de las Mujeres (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.

A loan of $950 helps a member to buy corn, meat, rice, bacon and potatoes.

Contact Information:

Flor De Jerico Group

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