This group is made up of three enterprising members. One of them is Martha, who is 37, single and the mother of one child. She has been selling footwear and tamarinds for 3 years. She sells the footwear within her community and tamarinds at Masaya market She will use the loan to buy tamarinds. The other members of the group are Francisca, who sells fruit and vegetables, and 54-year-old Petrona, who sells fruit.
Este grupo está formado por tres socias emprendedoras una de ellas es Martha es soltera, 37 años de edad y con un hijo su negocio es la venta de calzado desde hace 3 años, y venta de tamarindo, el calzado lo vende en su comunidad y el tamarindo lo comercializa en el mercado de Masaya, el crédito lo invertirá en la compra de tamarindo, Francisca es otra socia y su negocio es la venta de frutas y verduras y Petrona tiene 54 años y su negocio es la venta de frutas.
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.