This group is made up of four enterprising individuals. The featured member is Maria Antonia. She is forty-one years old, is in a relationship, and has two children. She has had a carpentry workshop for six years, and her husband is the one in charge of creating the bed frames.
The loan she is requesting is to purchase wood, sandpaper, sealer, and polish.
Maria Auxiliadora is forty-five years old and her business is selling tamales and tortillas. Cintia is thirty-five years old and sells new clothing. Roberto is thirty years old and his business is making and selling furniture.
El grupo lo conforman cuatro socios emprendedores uno de ellos es María Antonia mujer de 41 años de edad, acompañada, con dos hijos, su negocio es un taller de carpintería desde hace 6 años, su marido es quien se encarga de la elaboración de camas. El crédito lo está solicitando para la compra de madera, lijas, sellador, laca. María Auxiliadora tiene la edad de 45 años su negocio es la venta de nacatamales y tortillas, Cintia mujer de 35 años su negocio es la venta de ropa nueva y Roberto tiene la edad de 30 años su negocio taller de mueblería.
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.