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Sicalvenses Group
In this Group: María , Martin , Agustin , Abelino , Timoteo , Rafael
This is a group of 6 people who raise cattle for a living. They live about 20 kilometers outside the city of Momostenango, Totonicapán. Currently they have a lot of cattle, but they need more capital to buy pasture. The members have organized themselves as a group because together they can obtain a loan that will allow them to have higher quality livestock that they can sell to locals. This way they will be able to sell their cattle with greater frequency. Currently, they have a six months sales rotation with their capital, which is also used for other trades like making clothing.

They will not have problems with the repayment responsibilities. They have spent about 13 years raising animals. With the financing they will get through Kiva, they can receive greater revenues, which will allow them to help develop the community where they live.
View original language description ↓
Es un grupo de 6 personas que se dedican a la crianza de ganado bovino, su residencia se encuentra a unos 20 kilometros de la ciudad de Momostenango, Totonicapán, actualmente cuentan con varios ganados pero necesitan aumentar de capital para la compra de pastos para el ganado, se han organizado estas personas ya que agrupandose logran obtener un prestamo con el objetivo de tener buenos ganados y asi poder venderlos con personas del lugar, y de esa manera podrán comercializar sus ganados con mayor frecuencia,actualmente tienen una rotación de venta de 6 meses sobre su capital asi también cuentan con otros oficios tales como lo es la confección de ropa de vestir, no se tiene mayores inconvenientes sobre la responsabilidad de pago,llevan alrededor de 13 años con la crianza de animales, con el financiamiento que obtendrán pueden obtener mejores ingresos economicos, asi también pueden ayudar en el desarrollo de la comunidad donde habitan.

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
  • 87
    View loans »
    Guatemala Loans Fundraising
  • $9,860,025
    Funds lent in using Kiva
  • 8.2
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Sicalvenses Group's $1,200 loan helped a member buying pasture for cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2010
Listed
Feb 23, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011