This group consists of three members, one of whom is Mariela. She is 34 years old and has two children, ages 14 and 7, with her common-law husband. She has had a business selling cooked beans, soft drinks and ice for the past five years. She is requesting the loan to strengthen her business by purchasing big sacks of beans (46 kg a piece), soft drinks, bags, firewood, etc. Her goal is to grow her business and start up a convenience store as another business. Esperanza is 28 years old and makes a living selling bread, and Guillermo is 49 and sells hot dogs and soft drinks.
Este grupo está formado por tres socios una de ellas es Mariela mujer de 34 años, acompañada, con dos hijos de 14 y 07 años de edad, su negocio es la venta de frijoles cocidos, gaseosas, hielo desde hace cinco años. Este crédito lo solicita para fortalecer su negocio con la compra de frijoles por quintal, gaseosas bigcolas, bolsas, leñas etc. sus metas es crecer su negocio y poner otro negocio como es una pulpería. Esperanza tiene 28 años de edad y su negocio es la venta de pan y Guillermo tiene 49 años y su negocio es la venta de hogdog y gaseosas.
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.