This group consists of four businesswomen. One of them is Heisell. She is 25 years old, married, and has two dependent children. Her business involves making traditional clothing and it has been in existence for five years. Her products are sold at the municipal market and at the craft market in Masaya. She has been a client of ADIM for two years. The loan she is requesting will be used to buy rolls of fabric, canvas, thread, lace, satin ribbon, and other materials.
Marling is 20 years old and is in the business of buying and selling harvested tamarind. Carmen is 21 years old and is in the business of buying selling harvested crops. Antonia is a 52-year-old woman who has a business of selling watermelons and melons.
El grupo lo forman cuatro mujeres de negocio una de ellas es Heisell tiene la edad de 25 años, casada, con dos hijos bajo su cargo, su actividad económica es la elaboración de ropa típica desde hace 5 años, sus productos los comercializa por encargo en el mercado municipal y mercado de artesanía de Masaya, tiene dos años de ser cliente de la institución. El crédito lo está solicitando para la compra de rollos de tela, lona, hilos, encajes, cintas de mantequilla, etc. Marling tiene la edad de 20 años su negocio es la compra y venta de cosechas de tamarindo, Carmen tiene 21 años su negocio es la compra y venta de cosechas y Antonia mujer de 52 años de edad su negocio es la venta de sandía y melones.
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.