Ángela María, María Teresa, and Carlos form the group Mil Flores; they are native to Masaya. The group coordinator is Ángela, a hard-working and enterprising woman who began six years ago with the sale of treats, and little by little grew her business until she had a small grocery store.
“I will buy rice, oil, sugar, beans, toilet paper, oatmeal, Maggi soup, sardines,” Ángela mentioned when asked in what she would invest the loan.
María Teresa has sold bananas and enchiladas for 15 years, and Carlos has made a living through the sale of footwear for 9 years.
Ángela María, María Teresa y Carlos conforman al grupo Mil Flores; ellos son originarios de Masaya. La coordinadora del grupo es Ángela, mujer trabajadora y emprendedora quien inicio hace 6 años con la venta de chiverías y poco a poco fue aumentándola hasta tener una pulpería.
“comprare arroz, aceite, azúcar, frijoles, papel higiénico, avena, sopa magi, sardina” menciono Ángela al preguntarle en que invertiría el crédito.
María Teresa desde hace 15 años vende platanitos y enchiladas y Carlos se dedica al comercio de calzado desde hace 9 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.