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Las Margaritas 1 Group
In this Group: Gloria Modesta , Francisca , Felisa , Catarina , Maria , Antonia
Doña Gloria Modesta González is a single mother who has studied through the fifth grade of primary school and has three children she cares for. She has worked for 15 years running a store that provides items for everyday use.

Counting on their enthusiasm and mutual help several neighbors have organized a group to apply for a loan. This solidarity group is called Las Margaritas 1. The group consists of six women who work in diverse fields, among which we can mention raising animals, handicraft production of shirts and blouses, and raising domestic animals.

Gloria will use the loan to buy merchandise for her everyday items store and increase the volume of sales. Each one of them hopes to obtain increased earnings from her work.
View original language description ↓
Doña Gloria Modesta González es mama soltera, ha cursado el quinto grado primaria, tiene 3 hijos los cuales siguen a su cargo, ella se dedica al comercio tienda de consumo diario, tiene 15 años ya con este negocio. Contando con entusiasmo y la ayuda de algunas vecinas organizan un grupo, para poder solicitar un préstamo. El Grupo Solidario se denomina Las Margaritas 1, El grupo cuenta con Seis integrantes mujeres, quienes se dedican a diversas actividades entre ellos podemos mencionar, la crianza de animales, Artesanía elaboración de Camisas y blusas, y crianza de animales domesticas, El préstamo ella lo utilizará para compra de mercadería para su tienda de consumo diario y así incrementar el volumen de ventas, espera obtener mejores ganancias en la actividad que realiza cada una de ellas.

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
  • 62
    View loans »
    Guatemala Loans Fundraising
  • $8,816,525
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Margaritas 1 Group's $1,350 loan helped a member working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2010
Listed
Aug 24, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011