This group consists of three enterprising members. One of them is María Demesia, a determined woman who is 42 years old, divorced, and has two children (ages 21 and 17) who are dependent on her. Her business involves making and selling pillows. She has also been selling fruits and vegetables as a street vendor for 12 years. Her children help with selling. María has been a client of ADIM for three years. The loan she is requesting will be used to buy supplies such as a hot glue gun, sponges, and cotton.
Ana is a 53-year-old woman who has a business of selling “pinol” and “pinolillo” (traditional Nicaraguan beverages made from corn and cacao). Danny is 26 years old and is employed at a company.
El grupo lo conforman tres socios emprendedores uno de ellos es María Demesia una mujer luchadora de 42 años de edad, divorciada, con dos hijos que dependen de ella de 21 y 17 años. Su negocio es la elaboración y venta de almohada, venta de frutas y verduras ambulante desde hace 12 años, sus hijos le ayudan a vender, tiene de ser cliente de la institución 3 años, el crédito lo está solicitando para comprar materia prima como gatillo, esponja y algodón. Ana mujer de 53 años su negocio es la venta de pinol y pinolillo, Danny tiene 26 años y su negocio es trabajador de una empresa.
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.