The group is formed by three enterprising women. One of them is Josefa, a 46 year old single woman with an 11-year-old son. She has a business selling clothing which she has run for 20 years. She has been a client of the institution for 1 year. She is seeking a loan to buy new children's clothing, pants, sleepwear, pyjamas, children's outfits, etc.
Raquel, 30, works selling shoes and Marvelly, 35, sells clothing and shoes.
El grupo lo conforman tres socias emprendedoras una de ellas es Josefa una mujer de 46 años de edad, se dedica al comercio de vender ropa, soltera con un hijo de 11 años, lleva 20 años de dedicarse al negocio, es cliente de la institución desde hace 1 año. El crédito lo solicita para comprar ropa nueva de niños, pantalones, mamelucos, pijamas, trajecitos de niños, etc. Raquel mujer de 30 años de edad, se dedica a la venta de zapatos y Marvelly mujer de 35 años su negocio es la venta de ropa y zapatos.
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.