The La Armonia group is making use of their ninth cycle of ADIM loans, working with the support of their families. They started out as street vendors, and when they joined ADIM they obtained their first loan of $100 each. Doña Mayerling, with the loans ADIM has given her, has been able to equip the space where she has her business, permitting her go have a better condition of life for her family. Doña Estelvina shows us that with the ADIM loans she has been able to buy a freezer to store her product. The group has had opportunity as well to get training, and they have applied what they learned to their businesses. They dream in the future of being able to obtain higher credit, and they know that in order to do so, they will have to apply for individual credit, and they prefer to continue in a group.
G/S LA ARMONIA, Este g/s está haciendo uso de su noveno ciclo de préstamo de ADIM. Trabajan con el apoyo de sus familiares, comenzaron ambulantes y cuando ingresaron en ADIM obtuvieron un primer crédito de $100 (cien dólares cada uno).
Doña Mayerling, con los créditos que ADIM le ha proporcionado ha tenido la oportunidad de acondicionar el local donde tiene su negocio, lo que le permite tener mejores condiciones de vida para su familia.
Doña Estelvina nos manifiesta que con los créditos de adim ella ha logrado comprar un frezer para el almacenamiento de su producto.
El g/s además ha tenido la oportunidad de capacitarse y han aplicado en su negocio lo aprendido. Sueñan en un futuro obtener créditos con montos mayores, sabe que para lograrlo tendrían que aplicar a un crédito individual y ellos prefieren seguir en g/s.
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.