This is group has four enterprising members. Silvia is 29 years old, single, and has three children aged 12, 4 and 2 in her charge. She has worked selling Pisque-style tamales and sweets in the market for 15 years. She has been part of the institution for a year. She needs the loan to buy raw materials for the preparation of tamales such as corn, sugar, lime, and firewood, as well as sweets. Ervin is 40 years old and his job is selling fruit. Blanca is 28 years old and works selling vegetables. Aura is 48 years old and she sells Pisque-style tamales, coyoles [fruit of the yagua palm] and pinolillo [a local cornmeal and cacao drink].
Este grupo está formado por cuatro socios emprendedores uno de ellos es Silvia de 29 años de edad, soltera, con tres hijos bajo su cargo de 12, 4 y 2 años, su negocio es la venta de tamales pisques y dulce en el oriental desde hace 15 años. Es cliente de la institución desde hace 1 año, el crédito lo solicita para la compra de materia prima para la elaboración de los tamales como es cal, maíz, leña, dulces, azúcar. Ervin hombre de 40 años de edad su negocio es la venta de frutas, Blanca mujer de 28 años, se dedica al negocio de venta de verduras y Aura mujer de 48 años su negocio es la venta de tamales pisque, coyoles y pinolillo.
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.