This group is made up of three members. One of them is José, a 49 year old man. He is married and has three children, aged 22, 16 and 2. His business has been selling appliances for 25 years. He will invest the loan in buying inventory such as televisions, recorders, fans, and DVDs. Verónica is a 48 year old woman, her business is a small store, and María is 34 years old, and her business is a shoemaking workshop.
Este grupo está formado por tres socios uno de ellos es José hombre de 49 años de edad, casado, con tres hijos de 22, 16, y 2 años. Su negocio es la venta de electrodoméstico desde hace 25 años. El crédito lo invertirá en la compra de inventario como televisores, grabadoras, abanicos, DVD. Verónica mujer de 48 años de edad, su negocio es una pulpería y María tiene 34 años de edad y su negocio es un taller de zapatería
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.