This group was formed by five partners, each entrepreneurs with their own type of business. One of these is María, who is 33 years old and has a partner and five minor children. For the past 8 years, she has been selling fruit and clothing as a street vendor in Masaya. One of her oldest daughters helps her sell her wares. She wants to invest this loan in the purchase of clothing such as men's pants, women's pants, men's shirts, women's blouses, t-shirts, shorts, dresses, etc.
Mercedes is another member of the group; she is 26 years old and has a business selling food. María is 52 years old and sells tortillas and deep-fried snacks. María Elsa is 52 and has a mini bookstore. Luz is 30 years old and repairs cellular phones.
Es un grupo formado por cinco socias empresarias que cada una tiene su actividad económica, una de ella es María mujer de 33 años, acompañada, con cinco hijos menores desde hace 8 años se dedica a vender frutas y ropa ambulante en las calles de Masaya, una de sus hijas mayores le ayuda a vender sus productos, este crédito lo quiere invertir en la compra de ropa como pantalón de varón, pantalón de mujer, camisas de varón, blusas de dama, camisetas, chores, vestidos de damas etc. Mercedes es otra socia del grupo tiene 26 años de edad y su negocio es la venta de comida, María tiene 52 años y su negocio es la venta de tortilla y frito, María Elsa tiene 52 años y su negocio es una mini librería y Luz tiene 30 años de edad y su negocio es la reparación de celular.
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.