This group is comprised of three entrepreneurs, one of whom is Carolina, 24, who is married and has an 11-month-old son. She sells new clothing and doughnuts in her community and has been in business for three years. Her sister helps with sales. The loan she is requesting is to buy merchandise such as men's and women's pants, men's shirts and t-shirts, women's blouses, perfumes and cosmetics.
Auxiliadora, 21, has a business making and selling baskets, and Samara, 33, sells food and lingerie.
El grupo está conformado por tres socias empresarias una de ellas es Carolina mujer de 24 años de edad, casada, con un hijo menor de 11 meses. Su negocio es la venta de ropa nueva y buñuelos en su comunidad desde hace 3 años. Su hermana le ayuda a vender. El crédito lo solicita para comprar mercadería como pantalones de varones,pantalon de damas, camisas de varon, camisetas de varon, blusas de damas, perfumes de dama,perfumes de varon, maquillaje. Auxiliadora joven de 21 años de edad su negocio es la elaboración y venta de canastos y Samara mujer de 33 años de edad y su negocio es la venta de comida y ropa íntima.
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.