This group consists of three enterprising members. One of them is a 60-year-old woman named Luisa. She is married and has two grown children. Luisa has been selling Avon cosmetics and handicrafts from Guatemala for the past eight years. She previously worked as a teacher, but is now retired. Luisa is now in a partnership with her daughter, who helps her with selling these products. Her loan will be invested in the purchase of handicrafts such as large hammocks, woven cotton shirts, “guayaberas”, corduroy slacks, and other items.
Filomena, age 45, sells Avon cosmetics. Concepción is also 45 years old and sells clothing, shoes, Avon cosmetics, and other products.
Este grupo está formado por tres socias emprendedoras una de ellas es Luisa mujer de 60 años de edad, acompañada, tiene dos hijos mayores de edad, tiene 8 años dedicarse a comercializar cosméticos de la Avon y venta de artesanía al país Guatemala, anteriormente era docente que esta jubilada y tiene un pariente que es una hija de ella que le ayuda a vender los productos, el crédito lo invertirá en la compra de artesanías como hamacas de las grandes, cotonas, guayaberas, chinos de mecate etc. Filomena tiene 45 años de edad y vende cosméticos de la Avon y Concepción mujer de 45 años y vende ropa, zapatos, cosméticos de la Avon etc.
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.