This is a group of three enterprising micro businesspeople. One of them is Kenia who has been selling used clothes and cosmetics for a year. She will use the loan to buy used clothes. Her dream is to buy an entire bale of used clothes.
Victor sells sweets, assorted soft-drinks and natural beverages at a local bus terminal and Sergio sells crops of ‘chagüite’[banana] leaves that are used to make nacatamales [Nicaraguan style tamales].
Grupo formado por tres microempresarios emprendedores uno de ellos es Kenia que se dedica al venta de ropa usada y cosméticos desde hace un año el crédito lo invertirá en la compra de ropa usada y su sueño es comprar la paca completa de ropa usada, Victor vende cajetas, gaseosas variadas, refrescos naturales en una terminal de bus de su localidad Y Sergio vende y compra plantillos de hoja de chagüite que se utiliza para hacer los nacatamales.
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.