The group is composed of three successful members, one of whom is Maria, a 47-year-old woman, single. Her business has been selling new clothes in a stall at the Masaya market for seven years. She started selling just underwear and later grew her business. She has been a client of this institution for six years. The loan is being requested to purchase merchandise such as women's blouses, men's shirts, men's pants, women's pants, girls' outfits, boys' outfits, t-shirts, work clothes, etc. Rosa is a 23-year-old woman whose business is selling clothes, and Hugo is a 27-year-old man, and his business is selling clothes.
El grupo está formado por tres socios exitosos uno de ellos es María mujer de 47 años de edad, soltera. Su negocio es la venta de ropa nueva en un tramo del mercado de Masaya desde hace 7 años, inicio vendiendo solo ropa interior y posteriormente reforzó su negocio. Tiene 6 años de ser cliente de la institución. El crédito lo solicita para comprar mercadería como blusas de damas,camisas de varón, pantalones de varon,pantalon de mujer, trajes de niñas, trajes de niños, camisetas, talladores, etc. Rosa mujer de 23 años de edad su negocio es la venta de ropa y Hugo hombre de 27 años de edad y su negocio es la venta de ropa.
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 De Sol A Sol Group's $1,000 loan helped a member purchase clothes such as women's blouses, men's shirts, men's pants, women's pants, girls' outfits, boys' outfits, t-shirts, work clothes, etc.