The Chilamates Group consists of three entrepreneurial, hard-working women, one of whom is Maria. Maria has sold pastries (baked goods, donuts, empanadas) for approximately 4 years. She has three adult children and her daughter helps her with her business.
The other members of the group include Patricia who has sold pastries and used clothing for 7 years, and Rosa who is a street vendor and has sold sandwiches and pastries for 13 years.
El grupo los chilamates lo conforman tres personas trabajadoras y emprendedoras una de ellas es Maria quien se dedica al comercio de reposterías (cosa de horno, donas, empanadas) desde hace 4 años aproximadamente. Ella tiene tres hijos ya mayores de edad de los cuales su hija es quien le ayuda en el negocio.
Las otras integrantes son Patricia quien vende repostería y ropa usada desde hace 7 años y Rosa quien desde hace 13 años realiza bocadillos y reposterías las cuales comercializa de manera ambulante.
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.