This group is made up of three enterprising members. On of them is Yamileth, a 29 year old woman. She is married and 29 years old, with two children, aged 9 and 5. Her business is a small store that she has had for 12 years. She started selling soap and oil. For a year she has been a client with the institution. She asked for the loan to buy a quintal of rice, sugar, beans, boxes of soap, detergent, bleach, and soda, as well as to buy new clothing such as blouses, bras and underwear. Ivania is a 42 year old woman. Her business is selling new clothing and Jaime is a 22 year old man whose business is also selling new clothing.
El grupo está formado por tres socios emprendedores uno de ellos es Yamileth mujer de 29 años de edad, acompañada, con dos hijos menores de 9 y 5 años, su negocio es una pulpería desde hace 12 años, inicio vendiendo jabón, ace, aceite. Tiene 1 año de ser cliente de la institución. El crédito lo solicita para la compra de quintal de arroz, azúcar, frijoles, cajas de jabón, detergentes, cloros, gaseosa y la compra de ropa nueva como blusas, brasieres, calzones. Ivania mujer de 42 años de edad, su negocio es la venta de ropa nueva y Jaime hombre de 22 años de edad su negocio es la venta de ropa nueva.
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 Renacer Group's $550 loan helped a member to invest in buying a quintal of rice, sugar, and beans, as well as a boxes of soap, detergents, bleach, soda, and to buy new clothing such as blouses, bras, underwear, etc.