This group is made up of three enterprising members. One of these members is María. She is 35 years old, and has a partner and a young child. The institution has given her 7 loans and she has met her responsibilities. For 7 years, she has made a living selling spices and candies in the local market and some nearby towns. She will invest the loan in buying achiote, cloves, cinnamon, and raw materials for the candies such as sugar, rhodamine, coyolito fruit, coconut, milk, etc. Francisco is 31 years old and makes a living selling spices, and Martha is 32 years old and makes a living selling basic cereals.
Este grupo está formado por tres socios emprendedores una de ellas es María tiene 35 años de edad, acompañada, con un hijo menor, y tiene 7 préstamos que la institución le ha brindado y cumplidora con sus responsabilidades, tiene 7 años que se dedica a la venta de especies y cajetas que los comercializa en el mercado de su localidad y algunos municipios cercanos del país, el crédito lo invertirá en la compra de achiotes, clavo de olor, pimienta, canela, materia prima para las cajetas como azúcar, rodamina, coyolitos, coco, leche etc. Francisco tiene 31 años de edad y su negocio es venta de especies y Martha tiene 32 años de edad y su negocio es venta de granos básicos.
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.