This group consists of three hardworking members, one of them is Nelson, who is 32 years old, lives with his partner and their two children. He owns a home-based convenience store that he opened a year ago. Nelson is requesting this loan to purchase merchandise for his store, such as notebooks, pens, bread, instant soups, noodles, sugar, oil, rice and soft drinks.
The other two members of this group are Ingris and Marlene. Ingris is 21 years old and her business is the buying and selling of crops, while Marline, who is 24 years old, runs a small grocery store and sells soft drinks.
Grupo Formado por tres socios emprendedores, Nelson tiene 32 años de edad, acompañado, con dos hijos bajo su cargo, su negocio es una mini pulpería ubicada en su domicilio desde hace 1 año. El crédito lo está solicitando para la compra de inventario para el negocio como cuadernos, lapiceros, pan, sopa magi, maruchan, azúcar, aceite, arroz, gaseosa. Ingris joven de 21 años su negocio es compra y venta de cosechas y Marlene mujer de 24 años su negocio es una mini pulpería, venta de gaseosa.
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.