The Rosada ["Pink"] group is made up of four hard-working and enterprising women. One of them is Lucrecia, who has been selling handicrafts in the handicrafts market for the last five years. She will invest her loan in purchasing vases.
The other members are Rosa, who is the proprietor of a convenience store that she started two years ago; Rosa Amalia, who sells eggs; and Urania del Socorro who has been making traditional clothing for the last fifteen years.
El grupo Rosada lo conforman cuatro personas trabajadoras y emprendedoras una de ellas es Lucrecia quien desde hace 5 años se dedica a la venta de artesanías en el mercado de artesanías. Ella invertirá el crédito en la compra de jarrones.
Las otras integrantes son Rosa propietaria de una pulpería la cual inicio hace 2 años, Rosa Amalia quien vende huevos y Urania del Socorro quien elabora ropa típica desde hace 15 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.