The group is comprised of four entrepreneurial members. One of these is Liliam, who is 46 years old and married with three children. She has been selling food to employees of private businesses near her home for the past 10 years. This loan will be used to purchase grains such as rice, beans, sugar, cooking oil, beef, and chicken, as well as kitchen utensils.
Jeannette runs a small grocery store out of her home.
Flor de Liz's business is selling fried food out of her home.
Rosa Angelica sells cooked beans, sodas, and cheese out of her home.
Grupo formado por cuatro socias emprendedoras una de ellas es Liliam de 46 años de edad, casada con tres hijos tiene 10 años de dedicarse a vender comida a trabajadores de empresas privadas cercana a su casa, el crédito lo invertirá en la compra de granos como arroz, frijoles, azúcar, aceite, carne de res, carne de pollo y compra de utensilios de cocina , Jeannette tiene una mini pulpería en su domicilio,Flor de Liz su negocio es venta de fritanga en su domicilio, Rosa Angélica vende frijoles cocidos, gaseosas, queso 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.
A portion of Nicole Group's $1,925 loan helped a member purchase basic items such as rice, beans, sugar, cooking oil, beef, and chicken, as well as kitchen utensils such as skewers, ladles, frying pans, etc.