One of the women in this group of three partner entrepreneurs is Dora. She is married and has two children, who are still minors. She has been in the business of selling clothes and cosmetics from Avon for 17 years. She needs this investment so she can buy cosmetics from Avon, such as ladies' handbags, facial creams, body creams, hand creams, lipstick, eyeshadow, perfume for ladies, cologne for gentlemen, etc.
Ángela is 57 years old and her business is selling fruits and vegetables. Francisca is 56 years old and her business is also selling fruits as a street vendor.
Formado por tres socias empresarias una de ellas es Dora casada, tiene dos hijos menores de edad, y su negocio es la comercialización de venta de ropa y cosméticos de la Avon desde hace 17 años, su necesidad de inversión es para la compra de cosméticos de la Avon como carteras de damas, cremas faciales, cremas para el cuerpo, cremas para las manos, pinturas de labios, sombras, perfume de dama, colonias para caballeros etc. Ángela tiene 57 años y su negocio es la venta de frutas y verduras y Francisca tiene 56 años y su negocio es la venta de frutas también ambulante.
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 Laguna De Cristal Group's $750 loan helped a member to invest in buying Avon cosmetics like ladies' handbags, face, body, and hand creams, lipsticks, eye shadows, women's perfume and men's cologne, etc.