The group CLON is made up of 3 women members that live in the outskirts of the city of Masaya. They are all single mother that has been through the terrible experience of not being able to count on the support of the father of their children. They have started a business with a small capital they obtained from their first loan with Adim and they noted the benefits of investment into their business, always making sure to repay their loan on time.
Alba is the coordinator of the gruop. She says that their group is successful due to their good communication habits and the loyatly of the members. They are plan on continuing their work and expanding their selection of products each time. She has benefitted from 3 past loans and she feels prouble that she has remained on good terms with Adim, the organization that has been financing her efforts for many years.
The group has received support financially and in the administration of their business. Their greatest experience has been learning how to save money, and therefore remain on good terms and then be eligible for future loans.
One of their greatest dreams is to make improvements and expansions to their houses. To this end they are saving their earnings made possible through the loan to be able to invest into their homes at year's end.
Doña Alba es la coordinadora del grupo. Ella nos manifiesta que su g/s tiene éxito por la buena comunicación y solidaridad de sus integrantes piensan seguir trabajando y ampliando cada vez más productos. Son beneficiadas de Es beneficiaria de un tercer ciclo de crédito y se siente orgullosa de no haber quedado mal con ADIM que le ha venido financiando desde hace varios años.
El g/s ha recibido capacitaciones en economía y administración del negocio. Su mayor aprendizaje ha sido que para progresar es necesario ahorrar, pues así se queda bien, se pude tener un nuevo crédito y progresar.
Uno de sus mayores deseos de los miembros del g/s es poder ampliar y mejorar su casa, para tal propósito ellas de las ganancias del préstamo está ahorrando para que a final de año poder invertir en su casa
About ADIMLocated 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.
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Success!! The loan was 100% repaid