The group "Pitaya" is made up of 3 hardworking and enterprising women. One of these is Mayra del Socorro, who has had a business making nacatamales (a type of tamale typical of the region), dishes made of pork, and fried foods for 8 years. With this loan she will buy pork, onions, chiltoma peppers, and other items. The other members of the group are Martha Nubia, who sells cosmetics and clothing, and Rosa Maria, who sells fried foods, cream, cheese, milk curd, and other items.
El grupo pitaya lo conforman tres féminas trabajadoras y emprendedoras una de ellas es la señora Mayra del Socorro quien se dedica a la realización de nacatamales y todos los derivados del cerdo y fritanga…etc. desde hace 8 años. Ella con el crédito comprará cerdo, cebolla, chiltoma…etc.
Las otras integrantes son Martha Nubia quien vende cosméticos y ropa y Rosa María quien vende fritanga, crema, queso y cuajada…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.