This group is made up of three enterprising members. One of them is Anita, a micro-entrepreneur. Her business is making and selling nacatamales [Nicaraguan-style tamales] in her community. She also has sold ice, repochetas [filled corn tortillas], and ice cream for two years. She's 61 years old and married.
She'll invest this loan in ingredients to make nacatamales: pork, banana leaves, rice, achiote, salt, tomatoes, peppers, onion, garlic, Seville oranges, potatoes, bacon, etc.
Martha, 32, sells bread, and Daysi, 52, makes and sells churritos [fried pastry filled with cheese].
Este grupo está formado por tres socias emprendedoras una de ellas es Anita microempresaria su negocio es la hecha y venta de nacatamales en su comunidad, vende además hielos, repochetas y helados desde hace dos años. Tiene 61 años de edad, es casada. Este crédito lo invertirá en la compra de materia primas para hacer nacatamales, como carne de cerdo, hojas de chagüites, arroz, achiote, sal, tomate, chiltoma, cebolla, ajo, naranja agria, papas, tocinos etc. Martha tiene 32 años de edad y su negocio es la venta de pan y Daysi tiene 52 años de edad y su negocio es la elaboración y venta de churritos.
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.