The group El Trebol is made up of three entrepreneurs who are all from the city of Masaya. Silvia, one of the members, is 45 years old and has two children. She operates a business traveling around selling all styles and sizes of sandals. Silvia has been working in this profession for two years now, and she plans to use the support from this loan to purchase various types of sandals to further stock her business.
Elba, the other woman in this trio, sells clothing, and José Luis operates a bakery.
Grupo formado por tres socios emprendedores originarias de Masaya una de ellas es Silvia de 45 años de edad, acompañada con dos hijos. Se dedica a la venta de sandalia al detalle ambulante actividad que viene realizando desde hace dos años, el crédito lo invertirá en la compra de sandalias de todo tipo, variedad y diferentes edades, Elba vende ropa y José Luis tiene un taller de panadería.
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.