This group was formed by 3 entrepreneurial members, one of which is Paula. For 2 years she has sold firewood and baked beans from her home for a living. She is 51 years old and has an older son who is independent. She will invest this loan in the purchase of wholesale firewood and raw beans by the bushel. Aura sells chicken and Tanya sells cooked beans and various cosmetics.
Grupo formado por tres socias emprendedora una de ella es Paula que desde hace dos años se dedica a vender leña y frijoles cocidos en su domicilio. Tiene 51 años de edad y con un hijo mayor independiente, el crédito lo invertirá en la compra de leña por mayor y la compra de frijoles crudos por quintales, Aura vende pollo y Tanya vende frijoles cocidos y cosméticos variados.
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.