She is the representative of this group called “Patzolojche”. She and the other three members raise animals like pigs and cows. They also raise poultry like laying hens and chickens and turkeys to fatten. Francisca is also an enthusiastic person in spite of her small amount of schooling.
She is someone who has profited from raising animals. She sells these animals in the Paraje Pologuá in the San Antonio Pasajoc neighborhood in Momostenango.
She needs to increase her working capital in her business of raising animals. This is the second loan that she has asked for from the ASDIR Asociación of Pologuá. She wants the loan for her economic activity in order to be able to improve her living conditions and those of the families of each of the members of this group.
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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Success!! The loan was 100% repaid