This group is comprised of three successful members, one of whom is Migdalia, 45, who is married and has two children, ages 19 and 14. For eight years she has been running a grocery store in her community. She is requesting a loan to buy 100 lbs. of rice, beans, sugar, a case of detergent, bath soap, disposable diaspers, cigarettes, yogurts, etc.
The other members are Ileana, 40, who raises and sells pigs, cooked beans and ice, and Julia, 52, who has a tortilla, soft drinks and ice cream business.
Este grupo está formado tres socias exitosas una de ellas es Migdalia mujer de 45 años de edad, casada con dos hijos de 19 y 14 años. Su negocio es una pulpería desde hace 8 años en su comunidad. El crédito lo solicita para la compra por quintal de arroz, frijoles, azúcar, caja de jabón de lavar ropa, jabón de baño, pamper, cigarros, chiveras, etc. Ileana mujer de 40 años, su negocio crianza y venta de cerdo, frijoles cocidos, hielo, frescos y Julia tiene 52 años de edad y su negocio es venta de tortillas, fresco y helados.
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.