This group has three experienced members. One of them is Nora María. She is 38 years old. She is a single mother with seven children. All of them except for one are older in age. One son is still under her responsibility. For five years, she has sold scraps every day through a mobile business. Previously, she sold food and carved pork. For ten years, the institution has provided financing. She has demonstrated responsibility and punctuality with her payments. Her 20 year old son helps her with her business and she pays a salary to her brother. The loan will be invested in the purchase of scraps from all over the capital. Heriberta is 45 years old and she sells cement, lubricants and new clothes. Edda is 58 years old and she sells clothing, nacatamales (Nicaraguan tamales) and soups.
Este grupo está formado por tres socias experimentadas una de ellas es Nora María tiene 48 años de edad, madre soltera tiene siete hijos todos mayores de edad solamente un hijo que tiene bajo su responsabilidad. Tiene cinco años que se dedica a la venta de chatarra todos los días ambulantes anteriormente vendia comida y al destace de cerdo, tiene 10 años que la institución le brinda financiamiento ha demostrado responsabilidad y puntualidad en sus pagos, su hijo de 20 años es el que le ayuda en el negocio y un hermano de la socia que le paga salario. El crédito lo invertirá en la compra de chatarras en toda la capital, Heriberta tiene 45 años y vende cemento, lubricantes, y ropa nueva, Edda su edad es de 58 años y vende ropa, nacatamales y sopas.
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.