This group is made up of 4 members, one of whom is Consuelo, a 51-year-old woman who lives in a common-law marriage. Selling gold and silver has been her business for 20 years. She is asking for a loan to buy more inventory of gold and silver jewelry such as rings, chains, earrings, and bracelets.
The other women in this group are: Rubi, a 30-year-old woman who sells new and used clothing and cosmetics, Rosa, a 43-year-old woman whose business is a butcher shop that also sells soda water and candies, and Nilda, a 49-year-old woman who sells clothing, shoes, ice, and soft drinks.
El grupo lo conforman cuatro socias una de ellas es Consuelo mujer de 51 años de edad, vive en unión libre, su negocio es la venta de oro y plata desde hace 20 años. El crédito lo solicita para la compra de más inventario de prendas de oro y plata como anillos, cadenas, aretes y pulseras. Rubi mujer de 30 años su negocio es la venta de ropa nueva, usada y cosméticos, Rosa mujer de 43 años de edad su negocio es el destace de cerdo, venta de gaseosas y golosinas y Nilda mujer 49 años y su negocio es la venta de ropa, calzado, hielo, y refrescos.
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.