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May 29, 2016 2:14 EST

“Misifusi” is a group made up of three enterprising women – A portion of Misi Fusi Group’s $650 loan helps a member to purchase blouses, pants, and jeans.

iCrowdNewswire - May 29, 2016

Masaya, Nicaragua Clothing | Clothing Sales

 

Misi Fusi Group

In this Group: Sujey De La Asuncion , Maria Ines, Siomara Del Socorro

 

A portion of Misi Fusi Group’s $650 loan helps a member to purchase blouses, pants, and jeans.

 

“Misifusi” is a group made up of three enterprising women who are asking ADIM for financing for the first time. Sujey is the leader of the group, she is a 20-year-old woman and she earns her living selling clothing. She has one child in her care, who is her inspiration to get ahead. She needs the loan to purchase blouses, pants, and jeans. The other members of the group are María Inés, 55 years old, who works selling fish, and Siomara, 57 years old, who works making and selling tortillas and yoltamals. With their businesses, these women have proposed repayments in a determined time period with the end of continuing to improve their businesses.

View original language description ↓

 

Additional Information

About ADIM

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.

ADIM (Asociación Alternativa Para el Desarrollo Integral de las Mujeres)ADIM (Asociación Alternativa Para el Desarrollo Integral de las Mujeres) administers this loan.

 

 

Contact Information:

Sujey De La Asuncion , Maria Ines, Siomara Del Socorro

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