The other group members are María Alicia, 56 and Iris Nubia, 51. María works as a domestic employee and in her free time would help a relative that sells firewood. Seeing that this is a profitable business she used some savings to buy a horse and a cart, hired a helper, and started her business. Iris sells tortillas, baked goods and flour bread. She learned this from her grandmother and started the business when she was 21 years old.
El crédito lo invertirá en materiales estos son; taco, alambre, madera, nailon y pelo etc. y su meta es crecer.
Las otras integrantes son María Alicia de 56 años e Iris Nubia de 51 años. La señora María trabajaba como doméstica y en su tiempo libre le ayudaba a un familiar que vendía leña, como vio que el negocio era bueno con unos ahorros compro un caballo, una carreta y contrato un mozo e inicio su negocio. Iris vende tortillas, cosa de horno y pan de harina, esto lo aprendió de su abuelita y a la edad de 21 años inicio su negocio.
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