The Victoria community bank has three members, all enterprising and hard-working. One member, Maria Auxiliadora, has operated a food and snacks business at a hospital in Masaya for 20 years. She started the business after working as a house cleaner before. She is applying for a loan that she use to buy supplies for her food business: chicken, beef, rice, tortillas, tomato sauce, cream, cabbage, etc.
The other members of the community bank are Roberto, who operates a business selliing calculators, watches, batteries, etc., and Liliam del Socorro, who operates a cosmetics sales business.
El grupo Victoria lo conforman tres personas trabajadoras y emprendedoras una de ellas es María Auxiliadora quien se dedica a la venta de comida y golosina en uno de los hospitales de Masaya. Este negocio lo inicio hace 20 años cuando decidió dejar de ser ama de casa y poner su propio negocio. El crédito lo invertirá en pollo, carne, arroz, maduro, plátanos, tortillas, salsa de tomate, crema, repollo, chiltoma, tomate, achote, vinagre, bolsas…etc.
Los otros integrantes son Roberto quien es comerciante de calculadoras, reloj, batería y radios…etc. en uno de los mercados más populosos de Managua; y Liliam del Socorro vende cosméticos.
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.