Mujeres De Pachawacan Group
This group is comprised of 11 members. The women devote themselves to different activities like raising animals, selling fruits and vegetables, and selling daily consumption items. The members of the “Mujeres de Pachawacan” (Women of Pachawacan) Communal Bank are from the Pachawacan parish, Santa Ana neighborhood, Momostenango. The group is comprised of women.
They decided to request a loan from ASDIR to be able to increase their working capital and improve their living conditions and those of their families. They want to improve their sales and their income.
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