The group is comprised of three entrepreneurial members. Juana is one of the members. She has had a dressmaking shop for a year. She is a single mother of three. Her children are 29, 28, and 14 years old. She makes clothes that are custom-made as well as mass-produced. This loan will be used to purchase basic items such as threads, fabrics, zippers, liners, buttons, etc.
Maria Auxiliadora has been selling seafood for seven years, and Yolanda is a nurse who, in her spare time, sells cosmetics and used and new clothing at her workplace and in her community.
Grupo formado por tres socias emprendedoras, Juana es una de las socias tiene un taller de costura desde hace un año, es madre soltera con tres hijos de 29,28 y 14 años respectivamente, elabora ropa a la medida y en series. El crédito lo invertirá en materia prima como telas, hilos, zipper, entre telas, botones etc. María Auxiliadora vende mariscos desde hace siete años y Yolanda es enfermera y en sus ratos libres vende cosméticos, ropa usada y nueva en su centro de trabajo y comunidad.
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.