The group is comprised of three small entrepreneurs. One of them is Luis, 57, who lives with his spouse and has two children, aged 20 and 3. He has been selling gold jewellery for 8 years in his neighbourhood. Her spouse and his son help him sell his goods in free zones. He has been a client of the field partner for 7 years. He asks for a loan to buy more gold jewellery. The other two members of the group are Yovana, 37, who sells fried food, and Catalina, 34, who has a grocery shop.
El grupo está formado por tres socios microempresarios uno de ellos es Don Luis tiene 57 años de edad, acompañado, con dos hijos de 20 y 3 años, su negocio es la venta de prendas de oro desde hace 8 años, sus productos los comercializa en su comunidad y su esposa e hijo le ayudan a vender en las zonas francas. Tiene 7 años de ser cliente de la institución. El crédito lo está solicitando para la comprar de más prendas de oro. Jovana mujer de 37 años de edad su negocio es la venta de fritanga y Catalina mujer de 34 años su negocio es una pulpería.
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.