Las Golondrinas De Chajabal Group
Relying on enthusiasm and the drive to improve, she called together some of her neighbors to organize a group in order to be able to solicit a loan. The communal bank is called LAS GOLONDRINAS DE CHAJABAL (The Swallows of Chajabal). The name was elected by all the members and also includes the name of the group’s location. The group consists of 11 women members who dedicate themselves to various activities including animal husbandry, weaving, and selling basic necessities.
The loan will be used to buy primary material and in this way increase the volume of sales. One of the difficulties of owning a business is lack of capital, however Adelaida has been able to continue forward and she hopes that her business will be bigger and more productive.
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