This group is comprised of four enterprising and successful members. Lidia, age 64, is one of them. She is married and has one child. Her business is her seamstress shop. She makes dresses, skirts, shorts, and shirts en mass and custom made.
She will use this loan to buy raw material like yards of fabric for skirts, yards of fabric for shorts, and elastic, buttons, lace, needles, and zippers, etc. by the gross.
Petrona, age 53, is another member of the group. Her business is also a seamstress shop where she sews and embroiders by order. Socorro, age 61, has a grocery store. Aurelia has a business of selling ‘pinolillo’ [a sweet cornmeal and cacao-based traditional drink in Nicaragua], beans, and soft drinks.
Este grupo está formado por cuatro socias emprendedoras de éxito una de ellas es Lidia tiene 64 años de edad, casada, y con un hijo. Su negocio es tener un taller de costura y hace vestidos, faldas, chores y camisas en series y a la medida, este crédito lo invertirá en la compra de materia prima como yardas de telas para faldas, yardas de tela para chores, gruesa de elásticos, gruesa de botones, gruesa encajes, gruesa de agujas, gruesas de zíper etc. Petrona es otra miembro del grupo tiene 53 años y su negocio es también de un taller de costura y bordados por encargos , Socorro tiene una pulpería y su edad es de 61 años y Aurelia su negocio es la venta de pinolillo , frijoles y refrescos.
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.