This group is comprised of three entrepreneurial women. One of them, Juliana, is a 59 year-old single woman with five adult children. For 15 years, her business has been selling Leonese enchiladas wholesale. She distributes to smaller merchants around the capital. She has been a client of ADIM for five years and has shown herself to be timely in her repayments. She will invest this loan in the wholesale purchase of Leonese enchiladas.
Tomasa is 59 years old and she sells pizza. Yamileth is 42 years old and sells new clothing.
Grupo formado por tres socias emprendedoras una de ellas es Juliana mujer de 59 años, soltera con cinco hijos todos mayores, desde hace 15 años su negocio es la venta de enchiladitas leonesas por mayor la cual las distribuye a minoristas vendedores en la capital, tiene cinco años de ser cliente de la institución que a demostrado ser puntual en sus pagos, el crédito lo invertirá en la compra de enchiladas leonesas al por mayor, Tomasa tiene 59 años de edad y su negocio es venta de pizzas y Yamileth tiene 42 años de edad y su negocio es la venta de ropa nueva.
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.