This group consists of three enterprising, successful members. One of them is María, 45. She’s married and has three children. Her business is selling chicken, an activity she’s been in for ten years. She’s had 16 loans, that is, she’s been a client of the institution for six years; she’s been responsible with her obligations. She will use the loan to buy whole chickens, chicken parts, breasts, thighs, wings, gizzards, livers, etc.
Nubia’s a 58-year-old micro businesswoman and her business is a home-based grocery store; Raquel, 29, sells cosmetics.
Es un grupo formado por tres socias emprendedoras de éxito una de ellas es María tiene 45 años de edad, es casada, con tres hijos. Su negocio consiste en la venta de pollo actividad que viene realizando desde hace 10 años, lleva 16 préstamos osea 6 años de ser cliente de la institución siendo responsable en sus obligaciones, el crédito lo invertirá en la compra de pollos enteros, pollo en piezas, pechuga, muslos, piernas, alas, titil, hígado etc. Nubia es una microempresaria de 58 años su negocio es una pulpería en su domicilio y Raquel tiene 29 años y su negocio es la venta de cosméticos.
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.