These five people in particular raise pigs, sheep and chickens; one grows basic grains.
Each of their homes was visited and it was confirmed that they have much experience in their work so they are considered to be responsible and hard-working people; despite not having sufficient resources, they are enterprising.
They need to increase their working capital so they called upon Asociación ASDIR’s office in Pologuá to seek financing for their commercial activities thereby improving their own and their families’ living conditions.
Las personas necesitan ampliar sus Capital de Trabajo, por lo que se acercaron a las oficinas de la asociación ASDIR de Pologuá, para poderles financiar, su actividad económica y así poder mejorar sus condiciones de vida y de sus familias
About Asociación ASDIRASDIR (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.
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