This group is made up of three enterprising members. One of them is Yessenia, a single 30-year-old woman. For twenty years, she has made and sold baked goods like viejitas and rosquillas [savory treats made with corn and cheese], which she sells both at home and on the street. She will invest the loan in the purchase of corn, corn flour, firewood, cheese, salt, etc.
Juana is 51 years old and her business is an embroidery workshop. Marta is 43 years old, and her business is making and selling yoltamal [a tamale made with fresh corn], güirilas [toasted corn patties], rosquillas, etc.
Grupo formado por tres socias emprendedoras una de ellas es Yessenia mujer de 30 años de edad, soltera desde hace 20 años hace y vende cosa de horno, viejitas, rosquillas las vende en su domicilio y ambulante, el crédito lo invertirá en la compra de maíz, maseca, leñas, queso, sal, etc. Juana tiene 51 años de edad y su negocio tiene un taller de bordado y Maria tiene 43 años y su negocio es hacer y vender yoltamal, güirilas, rosquillas 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.