This group is made up of three successful members. One of them is Edimia, a woman who is 36 years old and married. She has been working with loans from the institution for five years. Her business is selling natural soft drinks and bread on the streets of Masaya.
She will invest this loan in buying sugar, raspberries, dyes, papaya, guavas for soft drinks, passionfruit, lemons, pound bags, etc.
Maria is 44 years old and her business is selling bread and tamarind crops. Olivero is 35 years old and his business is repairing bicycles, and he offers maintenance services.
Este grupo está formado por tres socios exitosos una de ellas es Edimia mujer d36 años de edad, casada, tiene cinco años de estar trabajando con crédito en la institución, su negocio es la venta de refrescos naturales, y pan ambulante en las calles de Masaya, el crédito lo invertirá en la compra de azúcar, frambuesa, colorantes, papaya, guayabas para frescos, granadilla, limones, bolsas de libras,etc. María tiene 44 años su negocio es la venta de pan y cosechas de tamarindo y Olivero tiene 35 años de edad y su negocio es la reparación de bicicleta y brinda el servicio de mantenimiento.
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.