This communal bank is composed of three members coordinated by Olga.She is 51 years old, married and has a 14 year old son who is dependent on her. She offers food services from Monday to Friday, on order for the workers in the free trade zone close to her house. She is requesting the loan to buy rice, beans, potatoes, carrots, cabbage, tomatoes, etc.
The other members are Jesenia who is 27 years old and sells Avon cosmetics and Josué who is 28 years old and sells shoes in the departments of the country.
El grupo solidario lo integran tres socios trabajadores y coordinado por la señora Olga de 51 años de edad, casada, dependiendo de ella un hijo de 14 años, ofrece el servicio de comida de lunes a viernes y por encargo a los trabajadores de la zona franca cercana a su vivienda y solicita el credito para la compra de arroz, frijoles, papa, zanahorias, remolachas, tomates, estc. Otra de las socias es la señora Jesenia de 27 años de edad comerciante de cosméticos AVON y el señor Josué de 28 años comerciante de zapatos en los departamentos del país.
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.