Kiva.org is excited to announce our newest Field Partner, ADMIC (Asesoria Dinamica a Microempresas), operating in Mexico.
ADMIC was established in 1980 in Monterrey, Mexico, by a group of business visionaries.
ADMIC's mission is to fight poverty and unemployment in the informal economy by promoting the growth of micro-businesses. Close to ninety percent of this program's beneficiaries are low-income women who are part of solidarity groups, a lending method that allows members to cross-guarantee one another's loans in lieu of collateral. ADMIC's clients represent some of the poorest people in Mexico - many are artisans, seamstresses and agricultural workers.
ADMIC is partnered with ACCION International, one of the world's largest microfinance institutions, who provided technical assistance to ADMIC during its establishment and now continues to work with them in various capacities. For the past two years, ADMIC has had an ACCION resident advisor on-site providing technical assistance and support.