This group is made up of three enterprising women, one of whom is 27-year-old María José. She is single and has three children who depend on her. María's has had a business selling tortillas and cosmetics for eight years. She needs this loan in order to buy basic supplies for making her tortillas, such as corn, lime, firewood and bags. Idalia is 23 years old and has a business selling costume jewellery and footwear. Xiomara is 49 years old and sells cosmetics.
El grupo lo conforman tres mujeres emprendedoras una de ellas es María José tiene la edad de 27 años, soltera, con tres hijos que dependen de ella, su negocio es la venta de tortillas y cosméticos desde hace 8 años. El crédito lo requiere para la compra de materia prima para la elaboración de tortillas como es quintal de maíz, cal, leña, bolsas. Idalia tiene 23 años su negocio es la venta de calzado y bisutería, Xiomara tiene la edad de 49 años su negocio es la venta de cosméticos.
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.