This group consists of three entrepreneurial members. One of the members is Patricia, a woman of 43. She is married and has two adult children. She has had her business, a shoe workshop, for five years. In addition, she sells sandals. She sells them in the towns of Diria and Diriomo and in the Palo Quemado region. She will invest the loan in the purchase of low sandals, platform sandals, men's shoes, school shoes, etc.
Marta is 54 years old, and her business is selling "cosas de horno" [baked corn products] and nacatamales [a typical Nicaraguan dish]. Martha Lorena is 28, and her business is selling Avon cosmetics.
Este grupo está formado por tres socias emprendedoras una de ellas es Patricia socia, mujer de 43 años de edad, casada, con dos hijos mayores de edad, tiene cinco años de tener su negocio de taller de zapatería, además vende sandalias los comercializa en los municipios de Diria, Diriomo y en la comunidad de palo quemado, el crédito lo invertirá en la compra de sandalias bajas, sandalias de plataformas, zapato de hombre, zapato colegial etc. Marta tiene 54 años de edad y su negocio es la venta de cosa de horno y venta de nacatamales y Martha Lorena tiene 28 años de edad y su negocio es la venta de cosméticos de la Avon.
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.