This group consists of three successful, enterprising members. One of them is Miriam, a 43-year-old woman who has a spouse and a son. She’s been buying up tamarind crops to resell for the last 15 years. Her product is in high demand this season. She’s been a client of the institution for 8 years. Her oldest son helps her consolidate and sell the tamarind. She will use the loan to buy five tamarind trees, bags, etc.
José, 56, makes and sells nacatamales [Nicaraguan-style tamales] and Eveling, 22, sells fresh fruit.
Grupo formado por tres socios emprendedores de éxitos una de ella es Miriam mujer de 43 años de edad, acompañada, con un hijo. Desde hace 15 años se dedica a la venta y compra de cosechas de tamarindo, es un producto de mayor demanda para esta época, tiene 8 años de ser cliente de la institución, su hijo mayor le ayuda en el acopio y comercialización del tamarindo. El crédito lo invertirá en la compra de cinco palos de tamarindos, bolsas etc. José tiene 56 años de edad y su negocio es la hecha y venta de nacatamales y Eveling tiene 22 años y su negocio es la venta de frutas frescas.
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.