This group consists of three members. One of them is Meyling. She is 21 years old, married and has two children. She has made a living selling cosmetics for the last 6 months in her community. She is requesting this loan in order to buy perfumes, lotions, creams, make-up, lip balms and shampoo.
The other members are Alexandra, who is 36 years old and makes a living selling clothes and Isidro, who is 46 years old and makes a living selling moulds and frames.
El grupo lo conforman tres socios de negocio uno de ellos es Meyling tiene la edad de 21 años, casada, con dos hijos, su negocio es la venta de cosméticos desde hace 6 meses en su comunidad, el crédito lo está solicitando para la compra de perfumes, lociones, cremas, pinturas, labiales, maquillaje, shampoo. Alexandra mujer de 36 años su negocio es la venta de ropa y Isidro tiene la edad de 46 años su negocio es la venta de molduras y marcos.
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.