The Vida y Esperanza group has three members, all hard-working, determine women from Nindiri. The group coordinator is Sra. Rosa Amanda who has operated a business selling dairy products (milk, curd, cheese, cream, etc.) for nine years. Her weekly sales come to something around 4,200 cordobas. She has four children, 21-, 19-, 17-, and 12-years old, all in school.
The other members of the group are Martha Francisca, who sells cosmetics and Sofia, who has made a living selling tortillas for 5 years. Sofia's weekly sales come to 2,100 cordobas and she will use her share of the loan to buy maize, firewood, etc.
El grupo Vida y Esperanza está integrado por tres personas trabajadoras y esforzadas originarias de Nindiri. La coordinadora del grupo es la señora Rosa Amanda quien comercializa productos lácteos (leche, cuajada, queso, crema…etc.) desde hace nueve años y tiene una venta aproximada de 4,200 cordobas semanal. Ella tiene cuatro hijos de 21, 19,17 y 12 los cuales estudian.
Las otras integrantes son Martha Francisca comerciante de cosméticos y Sofía vende tortillas desde hace 5 años ella vende semanalmente 2,100 cordobas y con el crédito comprará maíz, leña, cal…etc.
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.
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.