This groups is made up of three enterprising members, one of them is Gema, who is 28 years old and accompanied by her young son. In her business, she has been selling cakes, churros, and more for 8 years. She sells her products from her house and also as a street vendor in her community. They have been a client of this financial institution for 4 years and they are asking for a credit to invest in purchasing cakes, pastries, churros, puddings, and more. Julia is 49 years old and she specializes in baked goods and Jose is 58 years old and he specializes in selling refreshments.
Grupo formado por tres socios emprendedores una de ellas es Gema tiene 28 años de edad, acompañada y con un hijo menor de edad, su negocio es la venta de queques, churros y tortas desde hace 8 años. Vende sus productos en su casa y ambulante en su comunidad. Tiene de ser cliente de la institución 4 años y el crédito lo solicita para invertir en la compra de productos como queques, pasteles, churros, tortas, pudines, etc., Julia es una mujer que tiene 49 años de edad y su negocio es la venta de cosa de horno y José tiene 58 años y su negocio es la venta de frescos.
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.