This group has three enterprising women in it, including 32 year old Karla. She is married and has three children. Karla has had her beauty salon for six years and has been with the communal bank for five years. She is responsible and carries out her responsibilities. Karla will use the loan to buy dyes, fake nails, hydrogen peroxide, wax ribbons, hairdressing scissors, nail varnish and more. Magaly is 27 years old and has a bread shop while Marth is 41 and sells milk.
Grupo esta formado por tres socias emprendedoras una de ellas es Karla mujer de 32 años de edad, casada y con tres hijos de edad, tiene 6 años de tener su negocio como es una sala de belleza, de ser clientes de la institución tiene 5 años de ser responsable porque cumple con sus obligaciones, el crédito lo invertirá en la compra de tintes, uñas acrílicas, agua oxigenada, cintas de ceras, tijeras para cortar pelo, pinturas de uñas, etc. Magaly tiene 27 años de edad su negocio es de una panadería y Martha tiene 41 años su negocio es venta de leche.
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.