This group is made up of three small business members, one of whom is Maritza, who has worked selling traditional meals from her home since she was 16 years old. In addition, she makes and delivers enchiladitas (stuffed and fried tortillas) to the secondary schools near her community. She is 41 years old, married, and has 4 children, some of whom are young enough to live at home. Her husband and one of her daughters helps her work in her business, and she plans to use this loan to buy a new stove, corn, firewood, and oil. Ana sells dairy products from her home, and Fransisco has a small grocery store in his house.
Grupo formado por tres socios microempresarios que uno de ellos es Maritza que desde hace 16 años se dedica a vender fritanga en su domicilio, además hace y entrega enchiladitas a los colegios cercano a su comunidad, tiene 41 años de edad es casada y con 4 hijos entre mayores y menores de edad. Su esposo y una de sus hijas le ayudan a trabajar en el negocio, el crédito lo invertirá en la compra de una estufa, maíz, leña, aceite, Ana vende productos lácteos en su domicilio y Francisco 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.