The three members of this group are successful entrepreneurs. One of them is Yuritza, who started selling bicycle accessories a year ago. She used her earnings to buy motorcycle accessories and continues to sell these items today. The loan she is requesting will be used to buy accessories such as turn signal covers, spark plugs, tires, and other items.
The other members are as follows:
• Susana, age 58, owns a small cafeteria.
• Pabla sells clothing and various cosmetics.
Socias emprendedoras de éxito formada por tres socias una de ellas Yuritza desde hace un año inicio vendiendo accesorios de bicicleta y con sus ganancias fue comprando accesorios de moto actualmente que es lo que venden, el crédito lo solicita en la compra de accesorios como micas de pide vías, bujías, llantas etc., Susana de 58 años tiene un pequeño cafetín , y Pabla vende ropa y cosméticos variados.
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.