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Chixacol Group
In this Group: Felipe , Bera Alicia , Victor Hugo , Margarita , Francisco
Don Felipe S. Chún is married and completed elementary school through the second grade. He has five children, three are married and the other two are in school. One is attending basic (middle) school while the other is in elementary school. Don Felipe earns a living by selling daily consumer products. He has a store that he has managed for 25 years.


With enthusiasm and the help of some of his neighbors, Felipe was able to organize a solidarity group called “Chixacol”. The group consists of five members, two women and three men. Most of them engage in retail businesses, but one has a business in the service sector. The loan they are requesting will be used to expand their capital so that they can increase their sales volumes. For this reason, they visited the offices of Asociación ASDIR in Pologuá Momostenango to request a loan for buying merchandise.

View original language description ↓
Don Felipe S. Chún, es Casado, cursó el segundo grado de primaria, tiene cinco hijos tres de ellos casado dos van a la escuela, uno en básico y uno en la primaria, él se dedica al servicio, (Tienda de consumo diario), tiene 25 años ya con este negocio. Contando con entusiasmo y la ayuda de algunas vecinas organizan un grupo, el grupo solidario se denomina Chixacol, cuenta con cinco integrantes mujeres 2, Hombres 3 quienes se dedican especialmente al comercio, uno de ellos se dedica al servicio. El préstamo que solicitan es para la ampliación de capital así incrementan el volumen de ventas. Por tal razón se acercaron a las oficinas de la ASOCIACION DE ASDIR ubicado en el paraje Pologuá, Momostenango para solicitar un préstamo de esa manera podrán surtir sus mercaderías.

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
  • 72
    View loans »
    Guatemala Loans Fundraising
  • $8,352,425
    Funds lent in using Kiva
  • 8.1
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Chixacol Group's $950 loan helped a member operating capital to buy merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2010
Listed
Sep 26, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011