She works with pottery (she works the clay and makes pans and “cómales”, which are used to cook tortillas, etc.). She has had this business for 25 years. She sells everyday, and this is her daily support.
Santos and some neighbors decided to organize a group to be able to request a loan. The loan will be used as working capital to be able to increase the volume of sales.
There are 15 women who comprise the Xecajá Communal Bank. The women devote themselves to various activities like raising animals, pottery, or being a seamstress. Some of the other members sell ice cream, fruit, and vegetables. The group is in Cantón Pacanac, San Cristóbal, Totonicapán.
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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