The solidarity group is comprised of three partners, coordinated by Yolanda, one of these hardworkers. Yolanda, 32, is married and is the mother of three children. She earns her living butchering pork so she requests this loan to purchase pig trotters. Another partner is Jose, 21, who has a grocery store at home. Arlyn, 27, makes and sells tamales at home on the weekends.
El grupo solidario lo integran tres socios trabajadores y coordinado por la señora Yolanda de 32 años de edad, acompañada y madre de tres hijos, se dedica al destace de cerdo, por lo que el crédito lo solicita para la compra de cerdo en pies. Otro de los socios es el señor José de 21 años propietario de una pulpería en su domicilio y la señora Arlyn de 27 años quien elabora y vende nacatamales en su domicilio los fines de semana.
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.