This group is made up of five enterprising members. One of them is Mercedes, a 53-year-old single man. His business is selling tamales. He has been distributing them personally in the market for twenty years. He is requesting the loan in order to purchase a quintal of corn, firewood, banana leaves, lime, salt, etc.
Concepción, a 46-year-old woman, has a business selling flowers and tamarind. Dora is 26 years old and has a grocery store. Esperanza is 51 years old and has a business buying and selling fruit. Margarita is 49 years old and her business is selling tamales.
Este grupo está formado por cinco socios emprendedores uno de ellos es Mercedes Hombre de 53 años de edad, soltero. Su negocio es la venta de tamales donde lo distribuye personalmente en el mercado desde hace 20 años. El crédito lo solicita para para la compra de un quintal de maíz , fletes de leña, hojas de chaguites, cal, sal etc. Concepción mujer de 46 años de edad su negocio es la venta de flores y tamarindo, Dora tiene 26 años de edad, su negocio es una pulpería, Esperanza mujer de 51 años de edad, su negocio es la compra y venta de frutas y Margarita tiene 49 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.