The Group’s coordinator is Elba Rosa S., 43 years of age, who, three years ago, opened up a small stall. As time has gone on and with the help of previous loans, the stall has expanded to become a local store.
Her colleagues in the Group include Milagros F., who for the past 20 years has been making hammocks and who with the loan will purchase materials such as Manila hemp, dyes, etc; Alma Nubia L. C., who started out by selling bread and who now sells clothes and plans to invest in this business with the loan; Gema Auxiliadora M. L., who since childhood has worked in a grocery shop due to the fact that her mother did this for a living and who currently manages such a shop.
La coordinadora del grupo es la señora Elba Rosa S. de 43 años de edad quien desde hace tres años instalo una pequeña venta que con el tiempo y los prestamos ha ido aumentando hasta convertirla en una pulpería.
Sus compañeras de grupo son Milagros F., artesana de hamacas desde hace 20 años quien con el préstamo comprara materiales como manila, colorantes etc., Alma Nubia L. C. quien empezó vendiendo pan y actualmente distribuye ropa en lo cual invertirá el préstamo y Gema Auxiliadora M. L. la cual desde pequeña trabaja en el comercio de frutas y verduras, y a que su madre se dedicaba a dicha actividad y ella ahora lo administra.
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