This group has four, successful micro-entrepreneurs. One of these members is Xóchitl. She is 25 years old and she is in a domestic partnership. She sells clothing and shoes, and food during the weekends. She has had her business for 18 months. Before starting the business, she was a student. The loan will be invested in the purchase of school supplies like uniforms as well as skirts, women’s shirts, men’s shirts, university notebooks. Fulgencia sells beef and pork by delivery service. María Teresa sells nacatamales (meat and rice in banana leaves) during the weekends and chemical products like air fresheners. Eva sells fried foods on the weekends and during the week, she makes and sells pastries.
Grupo formado por cuatros socias microempresarias de éxito una de ellas es Xóchitl tiene 25 años de edad unión de hecho su negocio es la venta de ropa, zapatos y venta de comida los fines de semanas, tiene 18 meses de tener su negocio ya que anteriormente era estudiante. El crédito lo invertirá en la compra de útiles escolares como uniformes, faldas, camisas de damas, camisa de caballeros, cuadernos universitarios, Fulgencia vende carne de res, carne de cerdo ambulante, María Teresa los fines de semanas vende nacatamales, vende productos químicos como ambientadores y Eva vende los fines de semanas fritanga y los días de semanas hace y vende repostería.
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.