Victoria is the coordinator of the group. She is single and 55 years old. She sells corn-derived products such as pinol/pinolillo [a drink made from toasted cornmeal and cacao], cereal, pozol [a drink made from corn boiled with cinnamon and mixed with water or milk], etc. She has seven children, only one of which is still a minor, 16 years old. They all help her to process and sell her products at their places of work. She will use the loan to buy ingredients such as corn by the 100-pound sack, cacao, cinnamon, plastic bags, cloves, etc. The other members of the group are Gustavo, 57 years old, who sells seasonal fruits such as loquats, tangerines, jocotes, mangos, etc., and Yajaira, 40 years old, who sells seasonal fruits such as mangos, jocotes, and tangerines, and used clothing.
Señora Victoria coordinadora del grupo, soltera 55 años de edad vende derivados del maíz como pinol, pinolillo, cereal, pozol, etc. Posee siete hijos y a cargo solo uno menor de 16 años todos ayudándole a procesar y venderlo en sus trabajos. El crédito lo invertirá en la compra de materia prima como maíz por quintal, cacao, canela, rodamina, bolsas plásticas, clavo de olor, etc. También el grupo lo conforman el socio Gustavo con 57 años quien vende frutas de temporada como níspero, mandarinas, jocotes, mangos etc. la socia Yajaira con 40 años de edad quien vende frutas de temporadas mangos, jocotes, mandarinas y ropa usada.
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.