This group includes 3 entrepreneurs. One of them is Javier, a 28 year-old single man. He's had a business selling cosmetics for 3 years. He sells his products in the local community. He needs a loan to buy cosmetics such as: perfumes, deodorants, lotions, creams, lip gloss, etc. Julio is a 37 year-old man who's had a business selling tortillas and beverages for 3 years, and Dania is a 26 year-old woman who has had a business selling used clothing for 5 years.
El grupo está formado por tres socios emprendedores de negocio uno de ellos es Javier hombre de 28 años de edad, soltero, su negocio es la venta de cosméticos desde hace 3 años. Ofrece sus productos en su comunidad. El crédito lo requiere para la compra de cosméticos como perfumes, desodorantes, lociones, cremas, pinturas, etc. Julio hombre de 37 años su negocio es la venta de tortillas y refrescos desde hace 3 años y Dania mujer de 26 años su negocio es la venta de ropa usada 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.