This group is composed of three members coordinated by Leonardo. He is 54 years old, married and the father of 3 children who are not dependent on him. He has been selling spare parts for vehicles for approximately 8 years and has the help of his wife to run the business.
Leonardo will invest in replacement parts for vehicles like batteries, hoses, tires, tubes and other accessories for vehicles. He will buy them in the market in the capital city.
The other members are Guillermina who is 47 years old and sells tortillas from her home to the surrounding population and Margarita, 32, who is the owner of a small store located in her home which services the local community.
Es un grupo de tres socios trabajadores, coordinado por el señor Leonardo de 54 años de edad, casado y padre de tres hijos que no dependen de él, se dedica a la venta de repuestos de vehículos, tiene aproximadamente ocho años de dedicase a este negocio y cuenta con la ayuda de su esposa, el crédito lo invertirá en repuestos de vehículos como es la compra de baterías, mangueras, llantas, neumático y otros tipos de accesorios para vehículos, estos artículos lo compra en el mercado capitalino. Los otros socios son la señora Guillermina de 47 años, vende tortilla en su domicilio a la población cercana a su comunidad, y la señora Margarita de 32 años, propietaria de una pulpería en su domicilio, brindando el servicio en su comunidad.
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.