The group is made up of four successful micro-entrepeneurs. One of them, Apolonea, is a 45-year-old widow. Her business for the last 20 years has been the sale of fruit and vegetables. She sells her produce in the market and she has been a client in the institution for 7 years. She is asking for the loan to buy more stock of fruit and vegetables, such as oranges, potatoes, garlic, tomatoes, etc. The other members of the group are Jenny, 34, who works selling fruit and vegetables; Jazmina, 26, whose business is a furniture store; and Josefa, 58, whose business is the sale of fruit and vegetables.
El grupo lo conforman cuatro microempresarias de éxito una de ellas es Apolonea una mujer de 45 años de edad, viuda, su negocio es la venta de frutas y verduras desde hace 20 años. Sus productos los comercializa en el mercado, tiene 7 años de ser cliente de la institución. El crédito lo solicita para la compra de más inventario de frutas y verduras como naranja, papa, ajo, tomate, etc. Jenny mujer de 34 años ella se dedica al negocio de la venta de frutas y verduras, Jazmina mujer de 26 años su negocio es una mueblería y Josefa ella tiene 58 años de edad y su negocio es la venta de frutas y verduras.
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.