This group is made up of three enterprising members, one of whom is Martha, 43. She's single and has two children. She has been a client of the institution for eight years. Her business is selling different styles of footwear.
She'll invest the loan in buying designer suede shoes, shoes of synthetic leather, etc.
Dominga, 48, sells food at home and María, 70, has a grocery store in her home.
Este grupo está formado por tres socias emprendedoras una de ellas es Martha de 43 años de edad, soltera y con dos hijos, tiene 8 años de ser clientes de la institución su negocio es la venta de calzado de diferentes estilos y formas este lo invertirá en la compra de zapatos gamuza artesanal, zapatos cerrados de gamuza, zapatos de cuero sintético etc. Dominga tiene 48 años de edad y su negocio es la venta de comida en su domicilio y María tiene 70 años y tiene una pulpería en su domicilio.
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.