This group is composed of four enterprising and successful partners. One of them is Carla, a woman of 36 who is married with two younger children. For 15 years, she has worked selling vehicle oils, lubricants, additives, refrigerants, etc.
She has been a part of this organization for one year. With the previous loan, she purchased new products that she hadn’t had in stock; for example, 15W-40 oil. She will invest this loan in the purchase of 20W-50, 20W-40, 20W-60, 15W-40, 2T castrol oil, 2T Yamalube oil, SAE 50 oil, etc.
Flor is 43 years old and has a business selling Avon cosmetics. Martha is 37, and her businesses are a hardware store and a small food store. Nidia is 52 years old and has a business selling fried food; she also has a small food store in her home.
Grupo está formado por cuatro socias emprendedoras de éxitos una de ellas es Carla mujer de 36 años de edad, casada, con dos hijos menores de edad, tiene 15 años de dedicarse a vender aceites de vehículos, lubricantes, aditivos, refrigerantes, etc. tiene un años de ser cliente de la institución, con el crédito anterior logro comprar productos nuevos que no tenía en existencias como el aceite 15 w 40 por ejemplo. Este crédito lo invertirá en la compra de aceite 20w50, aceite 20w40, aceite 20w60, aceite 15w40, aceite dos tiempos castrol, aceite dos tiempos yamalub, aceite sac 50 etc. Flor tiene 43 años de edad y su negocio es la venta de cosméticos de la Avon, Martha tiene 37 años de edad y su negocio es una ferretería y una mini pulpería y Nidia tiene 52 años de edad y su negocio es venta de fritanga y una mini pulpería 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.