This group is comprised of three members. One of the entrepreneurs, Angélica, sells plastic kitchen utensils made of melamine, glass, and other materials. She is 50 years old, and married with four adult children. Her husband helps her with the business and together they market her products in the country’s departments. She will invest the loan in purchase of kitchen items such as pans, glass dishes, melamine dishes, aluminum pots, plastic buckets, glassware, plastic cups, etc. Lea owns a pharmacy and Victor runs a small general store from his home.
Grupo formado por tres socios emprendedores una de ella es Angélica quien se dedica a vender productos de trastes de cocina plásticos, melamina, vidrio etc., tiene 50 años de edad, es casada, tiene 4 hijos todos mayores de edad, comercializa sus productos en los departamentos del país junto con su esposo que le ayuda a comercializar sus productos, el crédito lo invertirá en la compra de artículos de cocinas como panas, platos de vidrio, platos de melanina, hoyas de aluminio, baldes plásticos, vasos de vidrios, vasos de plásticos etc., Lea tiene una farmacia y Víctor tiene una pulpería en su domicilio.
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.