This group consists of three hardworking women who are fighters. One of the members is Tania, who is 19 years old, married and has a son on the way. She has made a living selling general cosmetics and Vogue and Zermat catalog items in her community for the past three years. She is requesting the loan to purchase products like body and facial creams, shampoos, hair dyes, sun block and makeup. Celina is 49 years old and has had a convenience store for a year and a half, and Yessenia is 34 and has made a living selling tortillas for a year and a half.
El grupo está formado por tres mujeres luchadoras y trabajadoras una de ellas es Tania tiene la edad de 19 años, casada, con un hijo en camino, su negocio es la venta de cosméticos generales y por catálogos de Vogue y Zermat desde hace 3 años, sus productos los comercializa en su comunidad. El crédito lo requiere para la compra de productos como crema corporal, shampoo, tintes para el cabello, cremas facial, bloqueadores, maquillaje. Celina tiene la edad de 49 años su negocio es una pulpería desde hace año y medio y Yessenia tiene la edad de 34 años su negocio es la venta de tortillas desde hace año y medio.
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.