Los Bailarines Group
Update on Los Bailarines GroupThis group is made up of three hardworking members, one of whom is Maria. Maria is 29 years old, married, and has one young child under her care. She has had a business selling cosmetics for the past four years. She has worked with this institution for 6 years and has proven herself to be a very responsible person.
She requests the loan so that she can purchase cologne, perfume, face cream, body lotion, nail polish, lipstick, makeup, deodorant, etc.
Jenny is 31 years old and sells cosmetics and clothing. Alex is 29 years old and buys and sells spare parts.
Previous Loan DetailsThis group is made up of three enterprising members. One of them is María, 29. She's married and has one child. She has sold Avon cosmetics for three years. She sells the products in her community for cash and on credit. She'll invest the loan in buying Avon cosmetics such as facial crea... More from Los Bailarines Group's previous loan »
About ADIMLocated 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.
Concurrent and Successive Loans
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.
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Success!! The loan was 100% repaid