This group consists of three successful members. One of them is Isadora, 36, who is married with three children. Her business for the last four years has been selling Avon and Zafiro cosmetics in her community. She’s requesting the loan to buy cosmetics like men’s perfume, women’s perfume, eyeliner, nail polish, lipstick, mascara, face cream and body cream. Olendya, 23, sells condiments and Carlos, 41, has a snack bar.
El grupo está formado por tres socios exitosos una de ellas es Isadora mujer de 36 años de edad, casada, con tres hijos. Su negocio es la venta de cosméticos de Avon y zafiro desde hace 4 años. Sus productos los comercializa en su comunidad. El crédito lo solicita para comprar cosméticos como perfume de varón, perfume de mujer, delineadores, pinturas de uñas, labial, mascara, crema facial y crema de cuerpos. Olendya tiene 23 años de edad y su negocio es comerciante de condimentos. Y Carlos hombre de 41 años su negocio es cafetín.
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.