The group is made up of three enterprising and determined members.
One of them is Estanilao, 65, who's married and has two children in his care. For eight years his business has been farming and transportation. He needs the loan to buy soil amendments to plant one manzana of corn and one of pipian peppers.
José, 30, buys and sells tamarind crops and Teresa, 36, sells "pinol" and "pinolillo" [traditional beverages made with toasted maize].
El grupo lo conforman tres socios emprendedores luchadores uno de ellos es Estanilao hombre de 65 años de edad, acompañado, con dos hijos bajo su cargo, su negocio es la agricultura y transportista desde hace 8 años. El crédito lo requiere para la compra de abono para la siembra de una manzana de maíz y una manzana de pipían. José hombre de 30 años su negocio es la compra y venta de cosecha de tamarindo y Teresa mujer de 36 años su negocio es la venta de pinol y pinolillo
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.