Xesaclac 3 Group
She has a second economic activity, which is raising domestic animals like pigs, sheep, chickens and cows. Her husband helps her. He sells clothes in the market in the San Pedro Sacatepequez municipality in the San Marcos department.
The people in the group need to increase their animal production and their firewood sales. This group of women lives in the Xasaclac parrish in the rural community of Jutacaj, Xequemeya village, Momostenango. They decided to request a loan to finance their economic activities. That way they will be able to improve their living conditions and those of their families. This is the second loan that they have requested.
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