This group consists of three entrepreneurial women. One of them, Lea, is 43 years old, married, and has a 7-year-old son. Her business is selling gold and silver jewelry, and clothing. She has been in this business for two years and sells to her neighbors as well as to people who work in both private and state-run companies. She has been a client of the institution for five years which shows that she is able to make her loan repayments.
Lea will invest this loan in buying gold jewelry such as chains, bracelets, anklets, earrings and rings. She will also buy clothing such as men's trousers, women's trousers, men's t-shirts, men's shirts, blouses, sports shirts,etc.
Ana is 58 years old and her business is selling used and new clothing. Vilma is also 58 years old and her business is selling clothing, shoes and sandals.
Grupo formado por tres socias emprendedoras una de ellas es Lea es una mujer de 43 años de edad, casada, con un hijo de 7 años, su negocio es la venta de oro y plata y ropa variada desde hace dos años estos los comercializa a sus vecinos a trabajadores de empresas privadas y estatales, tiene de ser cliente de la institución cinco años lo cual demuestra la capacidad de pago en sus préstamos, el crédito lo invertirá en la compra de prendas de oro, como cadenas, pulseras, tobilleras, chapas, anillos, así como también ropa como pantalón de varón, pantalón de mujer, camisetas de varón, camisas de varón, blusas, camisolas etc. Ana es una mujer que tiene 58 años de edad y su negocio es la venta de ropa de paca y ropa nueva y Vilma tiene 58 años de edad y su negocio es la venta de ropa, zapatos y sandalias.
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 Las Leonas Group's $2,350 loan helped a member to invest in buying gold jewelry such as chains, bracelets, anklets, earrings, rings, and clothing such as men's trousers, women's trousers, men's t-shirts, blouses, sports shirts, etc.