This group consists of three enterprising, successful micro businesswomen. One of them is Sandra Verónica who has had a small carpentry shop for two years.
She manufactures furniture like three-compartment armoires, rocking chairs, tables, full-size beds, twin beds. Her sons do the work. She started the business with support from her husband and it gradually grew until it became quite large-scale. She will use the loan to buy raw materials like wood, lacquer, sealants, varnish, sandpaper and rush reeds.
The other members are Silvia who sells used clothes and Gisela who has a grocery store at home.
Grupo formado por tres socias micro empresarias emprendedoras de éxitos una de ellas es Sandra Verónica quien tiene un pequeño taller de carpintería desde hace dos años fabrica muebles como ropero de tres cuerpos, sillas mecedoras, mesas, camas matrimoniales, camas unipersonales, sus trabajadores son sus hijos varones. Inicia su negocio con apoyo de su esposo y poco a poco fue creciendo hasta producir a escalas considerables. El crédito lo invertirá en la compra de materia prima como maderas, lacas, selladores, barniz, lijas, junco. La otra socia es Silvia que vende ropa usada, Gisela tiene una pulpería en su domicilio.
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.