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Las Rachoquelenses Group
In this Group: Victorina Balvina , Carmelina, Paula , Esteban , Maria Elena
They are persons who live 20 kilometers away from the city of Momostenango. The members of the group are, for the most part, in clothing sales and commerce. Some raise pigs and cattle, others are regional and typical basket merchants. They all seek to help their businesses grow and at this time, when sales have declined considerably due to competition in the same areas, they need funding to stock merchandise so that they can increase sales and profits. This contributes to the improvement of each of their families.
View original language description ↓
Son personas que residen a una distancia de 20 kilómetros de la ciudad de Momostenango, las integrantes del grupo se dedican mayormente al comercio y a la venta de ropa, también a la crianza de cerdos, cuentan con ganados bovinos, y se dedican a la compra y venta de canastas regionales y típicas, actualmente quieren incrementar el negocio con la que cuentan ya que en estos tiempos las ventas han bajado considerablemente, debido a que existe competencia sobre el mismo oficio, necesitan un préstamo para que puedan aumentar de capital para poder surtir su mercancía, y de esa manera poder incrementar sus ventar como también los ingresos económicos, esto contribuye a que las familias de cada una de ellas mejore sus condiciones 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

  • $4,155
    Average annual income
  • 72
    View loans »
    Guatemala Loans Fundraising
  • $8,851,150
    Funds lent in using Kiva
  • 8.2
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Rachoquelenses Group's $1,850 loan helped a member to buy stock inventory.
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