This group is composed of three successful entrepreneurs. One of these is Otilia, who has a partner. She is 36 years old. She and her husband are street vendors who have been selling various products such as plastic kitchen utensils, silver, etc. for six years.
She is requesting a loan to invest in plastic kitchen articles such as plastic trays, plastic plates, eats, large bedpans, small colanders, large colanders, clothing pressers, silver, small containers with spouts, etc.
Gloria is 40 years old and her business is the sale of plastic products for the home and Tomasa is 46 years old and her business is a shoe shop.
Este grupo formado por tres empresarias de éxito una de ellas es Otilia mujer acompañada, con 36 años de edad su esposo y ella de manera ambulante venden productos varios como utensilios de cocinas de plásticos, plateras etc desde hace 6 años. El crédito lo solicita para invertir en artículos de cocinas de plásticos como cubetas plásticas, platos plásticos, comideras, bacinillas grandes, coladores pequeños, coladores grandes, prensa ropa, plateras, bote pequeños con chorro etc. Gloria tiene 40 años de edad y su negocio es la venta de productos plásticos del hogar y Tomasa tiene 46 años de edad y su negocio es tener un taller de zapatería.
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.
A portion of Finito Group's $925 loan helped a member to puchase plastic kitchen utensis such as plastic trays, plastic plates, eats, large bedpans, small colanders, large colanders, clothes pressers, silver, small containers with spouts, etc.