This group has six successful members. One of them is Jesica, 33. She’s in a free union and has four minor children. She’s been selling used clothes and Avon cosmetics for five years. She started out selling perfume and gradually used profits to diversify her products. She will use the loan to buy a bale of used clothes.
Fátima Lorena sells new clothes, Karla sells coffee with Cremora and coffee with milk at the gates of one of the country’s universities, María sells new and used clothes, Concepción has a small sewing workshop where she manufactures bed linens, bags, pillows, large and small cushions and Dominga sells clothes and on the weekends, nacatamales [Nicaraguan-style tamales].
Este grupo está formado por seis socias exitosas una de ellas es Jesica es una mujer su estado civil unión libre, de 33 años de edad y con cuatro hijos menores de edad. Tiene cinco años de dedicarse a vender ropa usada, cosméticos de la Avon, ella inicia vendiendo perfumen poco a poco con sus ganancias fue diversificando sus productos, el crédito lo invertirá en la compra de ropa usada de pacas, Fátima Lorena vende de ropa nueva, Karla vende café con cremora, café con leche el portón de la Universidad del país, María vende ropa usada y ropa nueva, Concepción tiene un pequeño taller de costura donde fabrica ropa de cama, bolsos, almohada, cojines grandes, cojines pequeños y Dominga vende ropa, nacatamales los fines de semanas.
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.