Armonia 2 Group
Martha has 6 children, of whom 4 minors still depend on her, and are helping out in her business. The loan will be used principally to buy scrap metal and a little of the remaining funds will be invested in each area of her business. Martha's main goal is to improve the condition of her house.
The other group members are Claudia Vanessa who is 27 years old and sells tortillas and cooked beans; Debora Rebeca, who is 23 and has sold tamales, beans, and tortillas for 2 ½ years now; and Maria Teresa, who is 38 and sells tortillas and beans, cottage cheese, and firewood.
Martha tiene seis hijos de los cuales solo los cuatro menores dependen de ella y son los que le ayudan el negocio. El crédito lo invertirá en la compra de chatarra principalmente y un poquito en cada negocio. Su meta principal es mejora las condiciones de su vivienda.
Las otras integrantes son Claudia Vanessa de 27 años quien vende tortillas y frijoles cocidos, Debora Rebeca de 23 años vende nacatamales, frijoles y tortillas desde hace 2 años ½ y María Teresa de 38 años quien vende tortillas y frijoles, cuajadas y leñas.
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