This group is made up of three micro-business owners. One of them is Theyling. She is 21 years old and in a common law marriage. Her business has been selling fried food from her residence for 1 year. She is asking for the loan to buy ingredients such as beef, chicken, pork, plantains, cheese, tortillas, rice, chiltoma peppers, onions, tomatoes, garlic, and annato. María is a 51 year old woman who sells beans, beverages and plantains. Guinger is 55 years old and his business is selling milk.
El grupo está formado por tres microempresarias socias una de ellas es theyling tiene la edad de 21 años, acompañada, su negocio es la venta de fritanga en su domicilio desde hace 1 año. El crédito lo está solicitando para la compra de materia prima como carne de res, carne de cerdo, carne de pollo, plátanos, queso, tortillas, arroz, chiltoma, cebolla, tomate, ajo, achote,. María mujer de 51 años se dedica a la venta de frijoles, refrescos y plátanos, Guinger tiene la edad de 55 años su negocio es la venta de leche.
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.