Ajpop Group

The Ajpop group of Pacoxom community, Municipality of Nahualà, Sololà Department attended the ASDIR Association to support these female workers and asked for a group loan. They presented them with their precarious economic situation because other banks do not help them because they are poor people with simple houses. They want to emerge as they see the need to sell more but do not have enough capital required to purchase and sell clothing. They want to sustain themselves and their children, overcome this financial crisis and have a better standard of living because in Nahualà the poverty level is too high and people are looking for a way out.

Translated from Spanish by Pamela Reynolds, Kiva Volunteer

El grupo Ajpop de la comunidad de Pacoxom, del Municipio de Nahualà departamento de Sololà acudieron a la Asociaciòn ASDIR para poder apoyar a estas señoras trabajadoras y ella pidieron un prestamo grupal, ya que ellas expusieron su situaciòn, precaria de sus economia ya que en otros bancos no les ayudan por ser personas de escasos recuersos porque tiene casas sencillas, y Ellas quieren salir abante ya que ven la necesidad de vender màs pero no poseen suficiente capital lo que se requiere en la inversiòn de compra de ropa y venderlos porteriormente, para sostenimiento de ellas mismas y de sus hijos y asi tener una mejor vida y poder superar esa crisis financiera y poder tener un nivel de vida mejor;porque en esa àrea de Nahualà el nivel de pobleza es demasiado alta y pàrsonas buscan la manera de sobre salir.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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