This is a group of three enterprising, successful members. One of them is Oneyda, a 28-year-old married woman with two children who are 10 and 2 years of age. Her business for the last two years has been selling Avon and Arabela products. She will use this loan to buy perfume, hand cream, foot and body cream, lotion, lipstick, nail polish, facial make-up, etc. Belkys, 21, sells cosmetics and Lesbia, 24, sells cosmetics too.
El grupo está formado por tres socias empresarias de éxitos una de ellas es Oneyda mujer de 28 años de edad, casada con dos hijos de 10 y 2 años de edad. Su negocio es la venta de cosmético de Avon y Arabela desde hace 2 años. Este crédito lo invertirá en la compra de perfumes, cremas para manos, pies y cuerpo, lociones, pinturas de labios, de uñas, maquillaje para la cara, etc. Belkys mujer de 21 años de edad y su negocio es la venta de cosmético y Lesbia tiene 24 años y su negocio es la venta de cosmético.
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.