This group is made up of three successful, enterprising members, all from the city of Las Flores, the home of Nicaraguan folklore. One of those is Elia, a woman aged 59, and married. For 25 years she has worked as a street vendor of various types of tamales. She will invest the loan in the purchase of raw material such as rice, cheese, banana leaves, firewood, sugar, milk, etc.
Ana is 29 years old and works making handicrafts out of bamboo. Lidia is 52 years old and also works making handicrafts out of bamboo.
Grupo esta formado por tres socias emprendedoras de éxitos todas originarias de la ciudad de las flores la cuna del folklor nicaragüense una de ellas es Elia es una mujer de 59 años, casada, desde hace 25 años se dedica a la venta de tamales pisques, tamales rellenos, tamales simples ambulante , tiene de ser cliente de la institución por 4 años, el crédito lo invertirá en la compra de materia prima como arroz, queso, hojas de chagüites, leña, azúcar, leche etc. Ana tiene 29 años de edad y se dedica a fabricar artesanías de bambu, Lidia tiene 52 años también se dedica a fabricar artesanía de bambu.
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.