This group is comprised of 4 hardworking members, one of whom, Jerald, is 29 years old, married, and has one little boy in his care. His business is selling clothes, cosmetics, and costume jewelry and he has been doing this for 15 years. He is requesting a loan to buy inventory such as women's perfumes, men's cologne, bracelets, earrings, rings, chains, necklaces, blouses, shirts, and men's, women's, and kid's pants. Martha is 48 years old and she has been selling cosmetics for 5 years. Dulce is 51 years old and she has been selling shoes for 5 years.
El grupo lo conforman cuatro socios trabajadores uno de ellos es Jerald tiene la edad de 29 años, casado, con un hijo menor bajo su cargo, su negocio es la venta de ropa, cosméticos y bisutería desde hace 15 años. El crédito lo solicita para la compra de inventario como perfumes de damas, perfumes de varón, boddy, pulseras, aretes, anillos, cadenas, collares, blusas, camisas, pantalones de varón, de dama y de niño. Martha tiene la edad de 48 años su negocio es la venta de cosméticos desde hace 5 años, Dulce tiene la edad de 51años su negocio es comerciante de calzado desde hace 7 años y Pantaleón tiene la edad de 54 años su negocio es un taller de carpintería desde hace 5 años.
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.
A portion of Camino Al Exito Group's $1,775 loan helped a member to buy inventory such as women's perfume, men's cologne, bracelets, earrings, rings, chains, necklaces, blouses, shirts, and men's, women's and children's pants.