This group is composed of 3 members, one of whom is Mariela, a 23-year-old married woman with a minor child. Her business is selling used clothing on the streets in different sections of Masaya and also in nearby rural communities. She has been in this business for 2 ½ years. Previously, she was a housewife.
The loan will be invested in purchasing used clothing, including men's pants and T-shirts, women's pants, blouses, and skirts, and children's clothes, etc.
The other 2 members are Tania, 27 years old, who sells soups on weekends, and Ericka, 25-years-old, who sells new and used clothing.
Grupo formado por tres socias de éxitos una de ellas es Mariela mujer de 23 años de edad, casada, con un hijo menor, su negocio es la venta de ropa usada ambulante en los diferentes barrios de Masaya, tiene dos años y medios de tener su negocio anteriormente era ama de casa, también comercializa en las comunidades rurales cercanas, este crédito lo invertirá en la compra de ropa usada pantalón de varón, pantalón de dama, blusas de dama, ropa de niños, faldas de damas, camisetas de varón etc. Tania tiene 27 años de edad su negocio es la venta de sopas los fines de semana y Ericka tiene 25 años de edad su negocio es la venta de ropa nueva y usada.
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.
A portion of La Estrella Y El Lucero Group's $500 loan helped a member to purchase used clothing to sell, such as men's pants, shirts and T-shirts, and women's pants, blouses, and skirts, and children's clothes, etc.