The group is made up of three very hardworking shopkeepers. One of them is 40-year-old Claudia who has a partner and two dependent children. She has run her grocery shop and sold clothing for 9 years. She is applying for the loan to buy bales of clothing, size labels, 100lbs of rice, 100lbs of sugar, a can of oil, chickens, cans of soft drinks and sweets. Angélica, who is 23, sells plastic goods and Justa, who is 61, sells tamales (a traditional meat dish).
El grupo lo forman tres socias muy trabajadoras comerciantes una de ellas es Claudia tiene la edad de 40 años, acompañada, con dos hijos bajo su responsabilidad, su negocio es una pulpería y venta de ropa desde hace 9 años. El crédito lo solicita para la compra de pacas de ropa, talladores, quintal de arroz, quintal de azúcar, bidón de aceite, pollo, cajilla de gaseosas, golosinas. Angélica tiene 23 años su negocio es la venta de plástico, Justa de 61 años su negocio es la venta de nacatamales.
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.