This group comprises three enterprising members, one of whom is 50-year-old Domingo. He is married and has two children. For eight years, he has had a business selling tyres for light and heavy vehicles. He has been with the communal bank for a year and will use this loan to buy tyres for light and heavy vehicles. Yolanda is 54 years old and has a business selling vegetables, milk and corn cakes. Yolanda is 51 years old and sells new clothes.
El grupo está formado por tres socios emprendedores una de ellos es Domingo hombre de 50 años de edad, casado y con dos hijos. Su negocio es la compra y venta de llantas de vehículos livianos y pesados desde hace 8 años. Tiene un año de ser cliente de la institución, este crédito lo invertirá en la compra de llantas para carros livianos y vehículos pesados, Yolanda tiene 54 años de edad y su negocio es la venta de verdura, leche, cosa de horno y Blanca tiene 51 años de edad y su negocio es la venta de ropa nueva.
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.