The communal bank Grupo Solidario is comprised of three members, one of whom is Alvaro de Jesús who has been selling wheat, corn and beans for ten years. He is a farmer and grows grain for a living. He will use the loan to buy supplies such as quality seeds, insecticides, and fungicides, and prepare the farmland with fertilizer, etc. Paula sells chicken and Rosibel has a fruit and vegetable home delivery service.
Grupo Solidario formado por tres socios uno de ellos es Alvaro de Jesús desde hace 10 años vende trigos, maíz, frijoles. EL socio se dedica a la agricultura en la siembra de granos, este crédito lo invertirá en la compra de insumos para la siembra como semillas mejorada, insecticidas, fungicidas, preparación de terrenos, abono etc. Paula vende pollo a domicilio y Rosibel vende frutas y verduras 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.