This group is composed of four enterprising and persistent women. One of them is Urania, 30, who lives in a common-law marriage. She has had a tailor’s shop for five years, helped by two employees who prepare and finish school pants.
Urania is requesting a loan to buy fabrics in bulk to make school pants. The remaining members are Jannette, 32, who has a grocery store and sells fried food during the weekends; Johana, 28, who sells food; and Sofía, 41, who sells shoes.
El grupo lo conforman cuatro mujeres emprendedoras y luchadoras una de ellas es Urania tiene la edad de 30 años, vive en unión libre, su negocio es una sastrería desde hace 5 años. Tiene a dos personas que le ayudan a armar y elaborar los pantalones de colegio, el crédito lo solicita para la compra de tela al por mayor para elaborar pantalones estudiantil. Jannette tiene 32 años su negocio es una pulpería y venta de fritanga los fines de semana, Johana tiene 28 años su negocio es la venta de comida y Sofía tiene 41 años su negocio es la venta de 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.