Four members make up this group. María is one of them. She is married, and she has three children. She is 56 years old. Her business is selling bed linens. She also sells varied new clothing in an itinerant manner to her neighbors in her community. She sells as much on credit as for cash. She has had her business for 15 years.
She will use the loan to buy raw material like fabric for sheets, elastic, and cones of thread. She will also buy clothes like men’s pants, women’s pants, men’s shirts, and blouses, etc.
Martha is 56 years old, and her business is a seamstress shop. Teresa, age 61, sells cosmetics. Marisela sells food at her house.
Este grupo está formado por cuatro socias una de ellas es María es una mujer casada, con tres hijos, tiene 56 años de edad y su negocio es la venta de ropa de cama, y vende ropa nueva y variada ambulante, en su comunidad, vecinos, tanto al crédito como al contado, tiene 15 años de tener su negocio, el crédito lo invertirá en la compra de materia prima como tela para sabana, gruesa de elásticos, conos de hilos y ropa como pantalón de varón, pantalón de mujer, camisetas de varón, blusas etc. Martha tiene 56 años de edad y su negocio tiene un taller de costura, Teresa tiene 61 años y su negocio es la venta de cosméticos y Marisela vende comida 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.