Group 'Villa de Suerte' is formed by three hard working women. One of them is Janeth del Socorro, who is 41 years old. She has a small store which she started by selling mango and little by little extended. She has three children aged 19, 14 and 8 who study.
The other members are Sandra, 42 years old, who has a small general store, and Gloria, 38 years old, who has sold sandals for the past three years.
El grupo Villa de Suerte está conformado por tres mujeres trabajadoras una de ellas es Janeth del Socorro de 41 años, tiene una pequeña venta la cual inicio con la venta de mango y poco a poco fue ampliándolo. Ella tiene tres hijos de 19, 14 y 8 años los cuales estudian.
Las otras integrantes son Sandra de 42 años quien tiene una pulpería hace 4 años y Gloria de 38 años comercializa sandalias desde hace 3 años.
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.