This group consists of four members. Yadira is one of them. She is an enterprising single, 60 year old woman. She has a 22 year old son. For the past 15 years she has made clothing and has had a small store. She is requesting this loan to buy cloth to make clothes and basic grains for her store such as rice, beans, sugar, oil, soap, etc.
Aura is 48 years old and she buys and sells fruit. Sonia is a young woman of 18. She sells tortillas and chicha (a local liquor). Maria is 24 years old and her business is butchering pigs.
El grupo lo forman cuatro socias microempresarias una de ellas es Yadira mujer emprendedora de 60 años de edad, soltera, con un hijo de 22 años, su negocio es elaboración de costura y una pulpería desde hace 15 años, el crédito lo solicita para comprar tela y granos básicos como arroz, frijoles, azúcar, aceite, jabón, etc. Aura tiene 48 años de edad su negocio es la compra y venta de frutas, Sonia joven de 18 años su negocio es la venta de tortillas y chicha, María tiene 24 años su negocio es el destace de cerdo en pie.
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.