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Calle 20 De Octubre Group
In this Group: Sebastiana, Marylin Janeth, Gloria , Angela , Maria Antonieta
These 5 members of the group are very honourable peope in the community where they live. This is owing to the fact that every day in their small businesses they work very hard to allow the development of their children and family, and above all they are all responsible people and collaborators in the community. They are known for their work such as : food sales, chicken, clothes, tortillas, and they have been developing these activities for over 5 years. Because of these businesses they have been able to improve their lives, as previously they couldn't pay for their families' studies and necessities. For this reason to ensure that their businesses remain stable they need to approach Asociación Asdir to seek a loan to continue satisfying their necessities.
View original language description ↓
Estas cinco personas integrantes de este grupo son personas que tienen mucho
honorabilidad en la comunidad en donde viven, debido a que cada dia
se esfuerzan en sus pequeños negocios para lograr el desarrollo de sus hijos,
como en la educación, salud y vestuario que sol las necesidades básicas de la
familia, y sobre todo son personas responsables y colaboradoras en la comunidad
y como también se les conoce básicamente atreves de sus negocios como
por ejemplo: venta de comidas, pollos, ropa y tortillas la cual desde hace
cinco año vienen desarrollando estas actividades. Atreves de estos pequeños
negocios han venido superándose ya que anteriormente no cuentan para
poder pagar los estudios y las necesidades de la familia, por lo tanto para
que sus negocios tengan estabilidad se vieron en la necesidad de acudir a la
Asociación Asdir para solicitar un préstamo para la continua satisfacción de sus
necesidades.

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

  • $4,155
    Average annual income
  • 53
    View loans »
    Guatemala Loans Fundraising
  • $8,798,275
    Funds lent in using Kiva
  • 8.2
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Calle 20 De Octubre Group's $1,225 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2010
Listed
Feb 22, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010