Juana is a successful and enterprising micro-entrepreneur, she belongs to a group made up of three members, each of whom have small businesses. Juana has a partner, she is 52 years old, and she makes a living selling various products from door-to-door. She has worked in this business for 12 years, which allows her to support her family. She will invest the loan she is requesting in buying various products such as Rolter flip flops, large towels, plastic glasses, spoons, a clothes press, sieves, graters, small buckets, plastic mops, etc. Ivonne is 44 years old and makes a living selling beef, and Cristoffer is 19 and sells fresh vegetables.
Juana, es miembro de un grupo formado por tres socios lo cual cada uno de ellos tienen sus pequeños negocios. Juana es una mujer acompañada, tiene 52 años de edad y su negocio es la venta de productos varios que comercializa de manera ambulantes, tiene 12 años de tener su negocio lo que le permite mantener a su familia. El crédito que está solicitando lo invertirá en la compra de varios productos como chinelas rolter, toallas grandes, vasos de plásticos, cucharas, prensa ropa, coladores, rayadores, baldes pequeños, lampazos de plásticos etc. Ivonne tiene 44 años de edad y su negocio es la venta de carne de res y Cristoffer tiene 19 años de edad y vende verduras frescas.
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.