Jehova Nice Group
Ángela Dominga is one of them. She has had a grocery store for approximately 30 years. She will use the loan to buy various products.
The other members are:
Rosa Antonio – has been selling silver jewelry for four years
María Magdalena – has been making tortillas and "pinol" (toasted corn flour and a drink made from it) for ten years
Nora Amalia – sells chicken
Esperanza – has had a grocery store for 15 years
Las otras integrantes son Rosa Antonia quien vende prendas de plata desde hace 4 años, María Magdalena elabora tortillas y pinol hace 10 años, Nora Amalia vende pollos y Esperanza tiene una pulpería desde hace 15 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