Doña Santos is 45 years old and is a married homemaker with 6 children. She is a weaver (Making Sheets and Tablecloths), she has two operators and looms, with 12 years of experience. She is receiving a loan through the Communal Bank called FLOR D. MAYO 2 ("Flower of May 2") which is maD. up of sixteen women, who she coordinates. The loan received will be invested as working capital buying raw materials, to increase the production volume and cover the demand of the customers. She dreams of seeing her business grow much bigger and generate greater profits. Likewise the members of this group hope that with the investment that they make putting capital into their businesses, it will mean that they have better profits and better living conditions.
Doña Santos tiene 45 años D. edad, es casada D. oficios Domésticos, tiene 6 hijos, se dedica a la Tejeduría (Elaboración D. Sabanas y Manteles), cuenta con dos operarios y telares, con 12 años D. experiencia, recibe un crédito por medio del Banco Comunal denominado FLOR D. MAYO 2 el cual en conformado por dieciséis mujeres, cordinado por ella misma, el préstamo recibido lo invertirá como capital D. trabajo adquiriendo materia prima, para incrementar elñ volumen D. producción y cubrir la demanda D. sus clientes, sueña con ver su negocio mucho más granD. y que les generé mejores ganancias. D. igual manera las integrantes D. este grupo esperan que con la inversión que hacen capitalizando su negocio, hará que tengan mejoresD. ganacias y mejores condiciones D. vida.
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.