This group is formed of three successful members, one of whom is Gladys, a 34-year-old woman, married, with two young children who are 13 and nine years old. For 10 years, her business has been selling shoes and condiments at the market and at a grocery store in her community. She has been a member of this institution for 17 years. She is requesting the loan to purchase materials such as soles, fine linings, glue, adornments, etc. Rosibel is a 40-year-old woman. Her business is selling tortillas, tamales, and pinol (a drink made of roasted corn flour). Marcial is a 45-year-old man, and his business is an electronics store.
Este grupo está conformado por tres socios exitosos uno de ellos es Gladys mujer de 34 años de edad, casada, con dos hijos menores de 13 y 9 años. Su negocio es la venta de zapatos, condimentos en el mercado y una pulpería en su comunidad desde hace 10 años, tiene 17 años de ser cliente de la institución. El crédito lo solicita para comprar materiales como suelas, forros finos, Brasil, pega, adornos, etc. Rosibel mujer de 40 años de edad su negocio es la venta de tortillas, tamales y pinol y Marcial hombre de 45 años de edad y su negocio es un taller de electrónica.
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.