This group is made up of three enterprising members. One of them is Rosa, a 62 year old woman with a 25 year old son. Her business has been selling beverages, food and nacatamales for 35 years. Her daughter in law helps her make her products. She has been with the institution for 5 years. The loan she is asking for is to buy raw materials such as sugar, rice, oil, and fruit such as granadilla, papaya, melon, and guayaba, as well as beef, chicken, pork, etc. Karen is a 31 year old woman. Her business is selling Avon cosmetics. Maryury is 27 years old, and her business is selling used clothing.
El grupo está formado por tres socias emprendedoras una de ellas es Rosa mujer de 62 años de edad, soltera, con un hijo de 25 años. Su negocio es la venta de refrescos, comida y nacatamales desde hace 35 años, su nuera le ayuda con la elaboración de sus productos. Tiene 5 años de ser cliente de la institución, el crédito lo solicita para comprar materia prima como azúcar, arroz, aceite, frutas como granadilla, papaya, melón, guayaba, carne de res, carne de pollo, carne de cerdo, etc. Karen mujer de 31 años de edad su negocio es la venta de cosmético de Avon y Maryury mujer de 27 años de edad y su negocio es la venta de ropa usada.
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 Las Compañeras Group's $1,800 loan helped a member to invest in buying raw materials such as sugar, rice, oil, and fruit such as granadilla, papaya, melon, and guayaba, as well as beef, chicken, pork, etc.