This group is made up of three members. One of them is Luis Antonio who is 45 years old, married, and has three adult children. For 20 years he has had a business selling perishable items in his neighborhood market. He has been a client of the institution for more than six years and has been very responsible in his commitments. He will invest the loan in the purchase of tomatoes, onion, sweet peppers, potatoes, carrots, etc.
Juana Mercedes is 49 years old and she sells fresh fruit as a street vendor. Gilma is 42 years old and she has a business selling perishables.
Grupo formado por tres socios uno de ellos es Luis Antonio tiene 54 años de edad, casado, con tres hijos mayores desde hace 20 años su negocio es la comercialización de perecederos, en el mercado de su localidad, de ser cliente de la institución tiene más de 6 años siendo muy responsable en sus compromisos. El crédito lo invertirá en la compra tomate, cebolla, chiltoma, papas, zanahorias, etc. Juana Mercedes tiene 49 años de edad vende frutas frescas ambulantes y Gilma tiene 42 años de edad su negocio es la venta de perecederos.
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.