This group of successful micro-entrepreneurs is formed by three members. Eveling is an entrepreneur who sells wooden planks, wooden sticks for cleaning brushes, and recycled materials. In addition, she sells plastic sticks used to make brooms used in house cleaning. She has been in this business for 15 years. She is 36 years old, married, and has 3 small children. Her husband and another worker help her with sales. She will use the loan to buy essential materials such as plastics to make brushes and wooden sticks to make brooms. Francisco is 44 years old and sells brushes in markets in the city by foot. Maria is 33 years old and sells shaved ice by foot in the different neighborhoods of the capital.
Microempresarios exitosos formados por tres socios Eveling es una de las empresarias que vende tacos de madera, palos de maderas para cepillos de lavar hecho con material de reciclajes, además vende palos de plásticos que sirve para hacer escobas que se utilizan para el aseo de los hogares, esta actividad la viene realizando desde 15 años es mujer casada con 36 años de edad y tiene tres hijos menores. En el negocio su esposo le ayuda a vender y cuenta con un trabajador, el crédito lo invertirá en la compra de materia prima como plásticos para hacer cepillos, palos de madera para hacer escobas, Francisco de 44 años de edad vende cepillos en los mercados de la capital ambulante y María de 33 años de edad vende raspados ambulante en los diferentes barrios de la capital.
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.