Grupo Las Amistosas Group
Maria Antonia J., a young woman of 34 years old, is married, and has five children (2 teenagers and 3 young children). The teenagers help with the making of hammocks and cloth products. They are students in the community school. Her husband works in the fields and does not help much with paying the family bills. For this reason, she has been in business for 4 years. The workshop is located in her house.
Once the product is finished, it is brought to be sold in the Masaya market. The loan that she needs will be used to purchase the materials, such as spools of thread, at Masaya la Manila and in her community where the best prices are offered.
She thinks that she will have a larger production in the future and a large workshop that can bring employment to her family and support her children during their education.
Doña María Antonia J., mujer joven de 34 años, casada, madre de 5 hijos 2 adolescentes y 3 niños pequeños, los adolescentes le ayudan en el tejido de las hamacas, están estudiando en la escuela de la comunidad. Su esposo es trabajador del campo y no cuenta con muchos ingresos para mantener los gastos de la familia, es por eso que desde hace 4 años ella se dedica a esta actividad. El taller está ubicado en su casa.
Este producto una vez que esta terminado lo vende en el mercado de Masaya. El crédito lo necesita para comprar los materiales, compra en Masaya la Manila y en su comunidad da a hacer los bolillos de madera donde le salen a mejor precio.
Ella piensa en un futuro poder tener mayor producción y hacer un taller grande y poder brindar empleo a su familia, así como apoyar a sus hijos en sus estudios.
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