This group is made up of four enterprising members. One of them is Fanny. She is 28 years old, in a common law marriage and has a son. Her business is selling fruits and vegetables. She has had her business for four years. She will invest her loan in buying fruit such as 100 units of mangos, 100 units of oranges, bananas, pineapples, avocados, watermelons, etc. María is 41 years old and her business is a carpentry shop in her home. Patricia is 21 and her business is selling fruit and cosmetics, and Bladimir is 33 and his business is selling tortillas.
Este grupo está formado por cuatro socios emprendedores una de ellas es Fanny tiene 28 años de edad, acompañada, con un hijo su negocio es la venta de frutas y verduras. Tiene cuatro años de tener su negocio, el crédito lo invertirá en la compra de frutas como mangos 100 unidades, naranjas 100 unidades, banano, piña, tomate, aguacate, sandia etc. María tiene 41 años de edad y su negocio es la de un taller de carpintería en su domicilio, Patricia tiene 21 años y su negocio es la venta de frutas y cosméticos y Bladimir tiene 33 años y su negocio es la venta de tortillas.
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.
A portion of Fuente Artesanal Group's $1,300 loan helped a member to invest in buying fresh fruit such as 100 units of mangos, 100 units of of oranges, 100 units of bananas, pineapples, tomatoes, avocado, watermelon, etc.