José is a successful micro entrepreneur. He is 38 years old and he is married. He sells products made with corn, mainly tamales pisques (with a bean filling) and stuffed tamales. He has two children, ages 19 and 15, who help him to prepare and sell his products in the area and in the neighboring communities.
With this loan, he will invest in the purchase of basic ingredients such as corn, unrefined whole cane sugar, cinnamon, firewood, lime powder, plantain leaves, etc.
Other members are Julio, age 52, who has a small grocery store in his home, and Señora Emma, age 28, who sells tamales and has a mini store in her home, where she sells basic staple foods.
El señor José es un microempresario de éxito tiene 38 años de edad, casado dedicado a la venta de productos elaborado a base de maíz principalmente tamales pisques, tamales rellenos y tiene dos hijos de las edades de 19 y 15 años, quienes les ayudan a la elaboración y comercialización de sus productos en la localidad y comunidades cercanas, con este préstamo invertirá en la compra de la materia prima maíz, atado de dulce, canela, leña, cal, hoja de chagüites etc. Otro integrante es Julio de 52 años quien tiene una pulpería en su hogar y la señora Emma de 28 años que se dedica a la venta de tamales y tiene una mini pulpería de granos básicos en su domicilio.
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.