The other members of the group are Adilia R. and Darling Amplié. The first one has had a small pastry shop for one year. The second one has a tortilla stand in her house, where she also sells cooked beans and ice cream. She has had this business for one and a half years.
Both of them will use the money to buy materials and products to sell.
Las otras miembros del grupo son doña Rosa Adilia R. y Darling Amplié; la primera posee una pastelería pequeña desde hace un año y la segunda un puesto de tortillería en su casa donde también vende frijoles cocidos y helados desde hace año y medio. Ambas destinarán el dinero a la compra de materiales y productos para la venta.
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