This group is made up of three members who are small businesswomen. One of them is Gloria who is 33 years old, is single and has two young children who are 10 and 8 years old. For five years her business has been the sale of fast food in her community. Her sister helps her to prepare the different varieties that she sells. She has been a client of the institution for one year. She needs the loan to purchase raw materials like rice, oil, beans, bananas, beef, chicken, pork, salt, vegetables, cheese, plantains, etc.
Ivette is a 29-year-old woman who has a business selling clothing and cosmetics. María is a 48-year-old woman who has a business selling shoes.
Este grupo está formado por tres socias microempresarias una de ellas es Gloria mujer de 33 años de edad, soltera, con dos hijos menores de 10 y 8 años, su negocio es la venta de fritanga desde hace 5 años en su comunidad, su hermana le ayuda a preparar las diferentes variedades que vende. Tiene de ser cliente de la institución 1 año. El crédito lo requiere para comprar materia prima como arroz, aceite, frijoles, plátanos, carne de res, carne de pollo, carne de cerdo, sal, verduras, queso, plátanos maduros, etc. Ivette mujer de 29 años de edad, su negocio es la venta de ropa y cosméticos y María mujer de 48 años de edad y su negocio es la venta de calzado.
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.