The group is comprised of three members, one of whom is Agustina who is 45, married and has seven children, two of whom are in her care, ages 16 and 14. For four years she has been earning a living selling a variety of fruit. For eight years she has been a client of the institution; and she plans to use the loan to buy fruit such as banana, orange, melon and papaya, and firewood.
The other two members are Bismak, 40, who sells clothing in the duty free zone and Ana, 36, who works as a street vendor selling fruit.
El grupo está formado por tres socios uno de ellos es Agustina tiene 45 años de edad, casada, con 7 hijos dos de ellos a su cargo de 16 y 14 años. Su negocio es la venta de frutas variadas desde hace 4 años. Es cliente de la institución desde hace 8 años y el crédito lo solicita para invertir en compra de inventario de frutas como banano, naranja, melón, papaya, cosecha de mamon y fletes de leña. Bismak tiene 40 años de edad y su negocio es la venta de ropa en la zona franca y Ana mujer de 36 años y su negocio es la venta ambulante de frutas.
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.