The "Jimena Kirey" group is made up of four hard-working and enterprising individuals. One of them is Rebeca Patricia who started selling vegetables three years ago. With the earnings she began to buy sugar, rice, beans, cooking oil, snacks and chicken, until she had a small, modest grocery store. She will use the loan to buy meat, staple grains and vegetables.
The other members are Fátima, who has an eatery and sells soups and nacatamales (Nicaraguan stuffed corn tamales), Azucena who sells Avon products and clothing, and Raquel who has been in sales for five years.
El grupo Jimena kirey lo conforman tres personas trabajadoras y emprendedoras una de ellas es Rebeca Patricia quien inicio hace tres años vendiendo verduras con las ganancias empezó a invertir en azúcar, arroz, frijoles, aceite, chiverías y pollo hasta tener una modesta y pequeña pulpería. El crédito lo invertirá en carne, granos básicos y verduras.
Las otras integrantes son Fátima quien tiene comideria y vende sopas y nacatamales; Azucena quien vende productos Avon y ropa; y Raquel tiene una venta desde hace 5 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.