This group consists of three successful members. One of them is María, a 53-year-old woman who is married and has a six-year-old son. She has been in the business of selling food for three years. Her products are sold in her community. María has been a client of ADIM for three years. The loan she is requesting will be invested in the purchase of an industrial stove.
Raquel is a 33-year-old woman who has a business of selling toys. Paula is 55 years old and has a business of raising and selling chickens. She also sells shoes and cosmetics.
Este grupo está formado por tres socias exitosas una de ellas es María mujer de 53 años de edad, casada, con un hijo menor de 6 años. Su negocio es la venta de comida desde hace 3 años, vende sus productos en su comunidad. Tiene de ser cliente de la institución desde hace 3 años. El crédito lo solicita para invertir el comprar una cocina industrial. Raquel mujer de 33 años de edad y su negocio es la venta de juguetes y Paula tiene 55 años de edad y su negocio es crianza y venta de pollos, zapatos y cosméticos
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.