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Las Siete Rosas Group
In this Group: Isabel Flavia , Dominga , Macrina Francisca, Clara Dionicio, Sebastiana
The Group “Las Siete Rosas” (The Seven Roses) has been producing handmade blouses and corsets for four years, which enable them to support themselves and their children. For 2010, they are proposing to visit other villages and neighborhoods to sell their products. However, they need more supplies in order to make this happen. For this reason, they have come to Asociaciòn ASDIR for assistance with accessing more capital so that they can fulfill this dream. They hope to increase their sales so that they can support their families, help them get ahead, and provide them better living conditions.
View original language description ↓
El grupo las siete rosas, se han dedicado por 4 años atras en la elaboraciòn y venta de blusas y fajas de artesanias, ya que con esto se han sostenido a ellas y a sus hijos, en este año 2010 se han propuesto a vistar a otros pueblos y aldeas para vender sus productos pero esto implica surtir sus ventas por lo cual ellas acuden a la Asociaciòn Asdir para que se le pueda apoyar en ampliar sus capitales y asi tener el sueño realizado y ellas relatan que entre màs surtido tengan las ventas màs realizan y quieren susperar y apoyar a sus familias a salir avante,y el deseo es tener una buena con dicion de vida.

Additional Information

About Asociación ASDIR

ASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural communities.

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.

About Guatemala

  • $5,300
    Average annual income
  • 91
    View loans »
    Guatemala Loans Fundraising
  • $9,860,025
    Funds lent in using Kiva
  • 8.4
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Siete Rosas Group's $1,200 loan helped a member purchase materials & supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2010
Listed
Jan 23, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 10, 2011