The group is formed by six successful, entrepreneurial associates, one of who is José. He is 47 years old, in a relationship, and has two children. For the past 12 years, his business has been the sale of tamales.
He sells his products in his community. He is requesting the loan in order to purchase products for making tamales pisques (tamales with a bean filling), like lime powder, corn, banana leaves, firewood, etc.
Marlin is 29 years old, and her business is a convenience store, Juan is 52 years old and his business is the sale of tamales pisques, Nubia is 61 years old and her business is the sale of nacatamales (a dish similar to a tamal), María is 24 years old and her business is the sale of tamales, and Johana is 29 years old and her business is the sale of tamales.
El grupo está formado por seis socios emprendedores de éxitos uno de ellos es José hombre de 47 años de edad, acompañado, con dos hijos, su negocio es la venta de tamales desde hace 12 años. Vende sus productos en su comunidad, el crédito lo solicita para la compra de productos para la elaboración tamales pisques como cal, maíz, hojas de chaguites, leña etc Marlin tiene 29 años de edad, su negocio es un pulpería, Juan hombre de 52 años de edad su negocio es la venta de tamales pisques, Nubia tiene 61 años de edad su negocio es la venta de nacatamales, María mujer de 24 años de edad, su negocio es la venta de tamales y Johana tiene 29 años de edad y su negocio es la venta de tamales.
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.