She will invest the loan in both businesses buying display cases and cosmetics. Her goal is to set up a store. She used the previous loan to improve her school's condition.
The other group members are Yelba who has sold clothes, comforters, shoes, bedspreads, costume jewelry, etc. for the last 16 years and Manuel who has been a dog trainer for 20 years and has sold lottery tickets for the last 10.
Ella invertirá el crédito en ambos negocios con la compra de inmobiliarios y cosméticos. Su meta es poner una tienda. Con el crédito anterior logro mejorar las condiciones de su escuela.
Las otras integrantes son Yelba se dedica al comercio de ropa, cobertores, zapatos, colcha, bisuteria…etc. Desde hace 16 años y Manuel es entrenador canino desde hace 20 años y vende loterías desde hace 10 años.
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