The group has three microentrepreneur members. One of them is a woman named Lissete, who is 43 years old. She has been selling fruit in a market in Masaya for the last 10 years. She and her dad look after the business and customers. She has been with the institution for 10 years. The loan she has requested is for the purchase of tamarind, fresh oranges, passion fruit, and dragon fruit. A 52-year-old woman named Justina has a business which consists of the sale of fruits, and Yamileth, a 36-year-old woman, works selling perishable foods such as tomatoes, sweet peppers, onions, and potatoes.
El grupo lo conforman tres socias microempresarias una de ellas es Lissete mujer de 43 años de edad, acompañada, su negocio es la venta de frutas en el mercado de Masaya desde hace 10 años, su papa y ella atiende el negocio y a los clientes. Tiene 10 años de ser cliente de la institución, el crédito lo solicita para comprar tamarindo, naranja de fresco, calala, pitahaya. Justina mujer de 52 años de edad su negocio es la venta de frutas y Yamileth mujer de 36 años y su negocio es la venta de perecederos como tomate, chiltoma, cebolla, papa.
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.