This group consists of three enterprising and hardworking members. One of them is Flor, a 33-year-old woman who is married and has three daughters. She has been in the business of selling furniture for six years. Flor has been a borrower with ADIM for one year. She travels to the northern part of the country to sell her products. Her loan will be invested in the purchase of furniture, such as chairs, rocking chairs, couches, tables, vanities, six-piece dining sets, entertainment centers, wooden corner pieces, and other items.
Raquel is 33 years old and has a grocery business in her home. Blanca is a 36-year-old woman who has a furniture workshop as her business.
Este es un grupo formado por tres socias emprendedoras, trabajadoras, una de ellas es Flor mujer de 33 años, casada, con tres hijas y tiene seis años de tener su negocio como es la venta de muebles, tiene un año de estar en la institución como prestataria. La cliente viaja al norte del país a comercializar sus productos, este crédito lo invertirá en la compra de muebles como sillas abuelitas, sillones, mesas, tocadores, comedor de seis piezas, jugueteras, esquineras de madera etc. Raquel tiene 33 años de edad y su negocio es tener una pulpería en su domicilio y Blanca es una mujer de 36 años de edad y su negocio es taller de mueblería.
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.