This group is made up of three business partners, one of whom is Yader. He is 37 years old, single and with two young children. His business is to provide photocopying service from his home. He is also the assistant director of a private school in his area.
He started his business five years ago. The loan he is applying for, he will invest in the purchase of toner for the photocopier, a ream of letter-sized paper, a ream of legal-sized paper, etc.
Elieth is 22 years old and makes her living selling cosmetics. Grethel is 45 years old, and her business is selling bed clothes.
Este grupo está formado por tres socios empresarios, uno de ellos es Yader tiene 37 años de edad, soltero con dos hijos menores. Su negocio es la de brindar servicio de fotocopias en su domicilio, además es subdirector de un colegio privado de su localidad, esta actividad tiene cinco años de emprenderlo, el crédito que solicita lo invertirá en la compra de tóner para la fotocopiadora, resma de papel carta, resma de papel legal etc. Elieth tiene 22 años y se dedica a la venta de cosméticos y Grethel tiene 45 años de edad y su negocio es la venta de ropa de cama.
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.