This group is made up of five members, one of them is Teresa. She is 50 years old, married with two grown children. Her business for the past five years has been selling donuts, cakes and butchering pigs. Her husband and one of her children help her butcher the pigs. His loan will be used to purchase live pigs, in order to butcher them and use them as a prime ingredient in making nacatamales with rice, potatoes, achiote (a spice), vegetables, wrapped in banana leaves.
Erica is 23 years old, her business is buying and selling recyclable materials. Lesbia is 35 and she sells clothing. Meyling is 23 years old and sells shoes. Robert is 42 and his business is selling coffee.
Grupo formado por cinco socios emprendedores una de ellas es Teresa tiene 50 años de edad, casada, con dos hijos mayores, su negocio es la venta de donas, pasteles, y el destace de cerdo desde hace 5 años, su esposo y uno de los hijos mayores le ayudan al destace de los cerdos. Este crédito lo invertirá en la compra de cerdos en pie, para el destace, materia prima para hacer nacatamales como arroz, papas, achiote, vegetales, hoja de chagüites, mecates, etc, Ericka tiene 23 años de edad y su negocio es la compra y venta de chatarra, Lesbia tiene 35 años de edad y su negocio es la venta de ropa, Meyling tiene 23 años de edad y su negocio es la venta de zapatos y Roberto su negocio es la venta de café y tiene 42 años de edad.
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.
A portion of Las Divinas Group's $800 loan helped a member to buy live pigs, later butcher them and sell the meat in the market as a prime ingredient to make nacatamales (a traditional food made with rice, potatoes, achiote, vegetables and pork wrapped in banana leaves.