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Restauración Group
In this Group: Juan Bonifacio , Alejandrina , Genrri Andrente , Genara , Herminia Mariely
Juan Bonifacio I. C. is this group's coordinator and works as a farmer, which has allowed him to maintain his family for the past 20 years. The members of this group known as Restauracion, are all family members who are looking to better their situation. They make a living through a variety of activities including, raising livestock, clothing sales, as well as selling medicine and everyday needs items.
They are part of a large family that formed a group to request a loan for improvements on their homes. Since the climate has been changing lately, they want to be prepared for the future and reduce the risk to their current situation.
View original language description ↓
El Señor Juan Bonifacio I. C. es el coordinador de este grupo y se dedica a actividades de agricultura con lo que ha logrado sostener a su familia, desde hace más de 20 años. Los integrantes de este grupo denominado “Restauración” está conformado por 5 personas que buscan mejorar sus condiciones de vida, se dedican a diferentes actividades como lo son la crianza de animales, venta de ropa, venta de medicinas y artículos de consumo diario. Los cuales pertenecen a una misma familia. Actualmente son una familia grande y buscan mejorar sus condiciones de vida, por lo que han decidido formar un grupo, para solicitar un préstamo, que les servirá para mejorar sus viviendas, ya que últimamente el clima a estado cambiando, y ellos quieren estar preparados para el futuro, en lo que pueda acontecer y reducir el riesgo en cuanto a 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
  • 81
    View loans »
    Guatemala Loans Fundraising
  • $9,432,050
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Restauración Group's $1,600 loan helped a member home Improvements.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2010
Listed
Jun 9, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 1, 2011