This group is made up of three enterprising partners. Zayda is one of them. She is 29 years old, single, and has two children, ages 4 and 2. She has had a store in her home for the past four years and her mother helps her serve customers. She is asking for a loan to buy rice, beans, sugar, cooking oil, laundry soap, and also a freezer. Melania, age 41, sells fruits and vegetables, and Fatima, age 21, also sells fruits and vegetables.
El grupo lo conforman tres socias emprendedoras una de ellas es Zayda una mujer de 29 años de edad, soltera, con dos hijos de 4 y 2 años, su negocio es una pulpería ubicada en su domicilio desde hace 4 años. Su mama le ayuda a despachar, Es cliente de la institución desde hace 1 año tiempo que ha demostrado ser muy responsable. El crédito lo solicita para comprar granos básicos como arroz, frijoles, azúcar, aceite, jabones de lavar ropa y comprar un congelador. Melania mujer de 41 año su negocio es la venta de frutas y verduras y Fátima joven de 21 años 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.