This group is made up of three businesswomen. One of the members, Jessica, has 32 years old and is married with three young children. She sells shoes and Avon cosmetics. She will use this loan to buy clothing such as men's and women's pants, men's shirts, tank tops, skirts, shorts, dresses, and so on. Darling is 21 years old and has a business selling Avon cosmetics, shoes, and ice. Liliam is 54 años and she sells Avon cosmetics.
Grupo formado por tres socias microempresarias una de ellas es Jessica tiene 32 años de edad, casada, con tres hijos menores, el negocio es la venta de calzado, cosméticos de la Avon, este crédito lo solicita para invertir en la compra de ropa como pantalón de varón, pantalón de mujer, camisas de hombre, camisolas, faldas, chores, vestidos, etc., Darling tiene 21 años de edad y su negocio es la venta de cosméticos de la Avon, calzados y la venta de hielo Liliam tiene 54 años y su negocio es la venta de cosméticos de la Avon.
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.