Fellow group member Perla D. has worked for eight years making blankets. With the loan money she will make more blankets as well as making and selling linens (sheets and bed covers) and cushions. Meanwhile, Yolonad M. works selling fruits and vegetables.
They will use the loan money on their respective business. Manuela will buy more merchandise for the summer season. Perla will buy fabric, thread, elastic, and other products, and Yolanda will buy fruits and vegetables that are in season.
Su compañera de grupo Perla D. desde hace ocho años comenzó realizando cobertores de tiras actualmente por medio de los préstamo además de producir mayor cantidad de dicho producto, realiza y vende ropa de cama (sabanas, fundas, cubrecamas) y cojines. Mientras Yolanda M. se dedica al comercio de frutas y verduras.
Ellas invertirán el crédito en sus respectivos negocios Manuela con el comprara mayor cantidad de mercadería especialmente veraniega por la temporada, Perla invertirá en materiales como telas, hilos, elásticos…etc. y Yolanda en la compra de cosechas de frutas y verduras de temporada.
About ADIMLocated 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.
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Success!! The loan was 100% repaid