The communal bank group the Tres Reynas consists of 3 hardworking and enterprising women one of whom is Señora Reyna Isabel. She is 24 years old and has a tortilla making business which she started a year ago with a few pounds of maseca. Now she buys 2 quintals (1 quintal = 100lbs). In addition, she sells clothes by order.
The other members of the group are María Esther who is 28 years old and has a small store which she started by selling sweets and chiveria products and Dayana who is 25 and sells used clothing.
El grupo las tres Reynas lo conforman tres mujeres trabajadoras y emprendedoras una de ellas es la señora Reyna Isabel de 24 años quien tiene una tortillería negocio que inicio hace 1 años con unas libras de maseca ahora compra dos quintales. Además vende ropa por encargo.
Las otras integrantes son María Esther de 28 años quien tiene una pequeña venta la cual inicio con el comercio de chiverías y golosinas y Dayana de 25 años quien vende de ropa usada.
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.