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Xoljuyup Group
In this Group: Carmen Griselda, Vilma Angelica , Lidia Pascuala, Gregoria Carmelina, Manuela Catalina, Veronica Carmen , Susana Alicia
The loan requested by this group of women will be used to increase the supply of capital that each of the members requires in order to carry out their work. Since each member of the group earns their money by making women's blouses and selling them in nearby towns, the loan will support this work. The members use the income they receive from their sales to support their families and children. Recognizing their own need for a helping hand, the group decided to ask the ASOCIACION ASDIR to assist them in expanding their capital supply. This in turn will enable them to increase their sales, earn more money, and achieve a better standard of living for themselves and their families.
View original language description ↓
El crédito solicitado serán utilizado para ampliación de capital de la actividad a las que se dedican cada uno de las integrantes del grupo ya que cada uno de ellas se han dedicado a la fabricaciòn de blusas para dama y las venden en otros pueblos cercanos y con los ingresos que obtiene sirven para mantaner a sus familias e hijos viendo la gran necesidad de acudir a la ASOCIACION ASDIR para pedir el apoyo a su apliaciòn de capital para mejorar las ventas y obtener mas ganancias y tener otro nivel 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
  • 64
    View loans »
    Guatemala Loans Fundraising
  • $9,088,350
    Funds lent in using Kiva
  • 8.1
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Xoljuyup Group's $1,750 loan helped a member aplicaciòn de capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2010
Listed
Apr 27, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011