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Aurora Group
In this Group: Hilario , Aura Francisca , Maria Angela , Juana , Manuela
Mr. Hilario G. Ordonez is married. He has a grade six education and he has 5 children who are still in his care. He has been an artisan for the past 18 years, making wood crafts as a business. With enthusiastic energy he and some of his neighbors have organized a group to request a loan. The group is named Aurora. There are four members in the group, three women and one man and they all have various businesses including farming and agriculture. The loan will be used to purchase materials for the business to improve the sales volumes. One of the challenges has been a deficit in capital funds. But he has pulled through with the help of his children and he hopes that his business will grow and become more productive, with the help of the loan he has requested.
View original language description ↓
Don Hilario G. Ordóñez, es casado, es una persona que ha cursado el sexto grado, tiene 5 hijos los cuales, todos estan a su cargo el se dedica a la Artesanía elaboración de artículos de madera tiene 18 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 AURORA, El grupo cuenta con Cuatro integrantes mujeres y un hombre, quienes se dedican a diversas actividades entre ellos podemos mencionar, Agropecuario crianza de animales domésticos, El préstamo ella lo utilizará para compra de material de su trabajo para su negocio y así incrementar el volumen de ventas. Una de las dificultades de ser el dueño de su negocio ha sido la falta del capital, pero ha salido adelante con la ayuda de sus hijos y espera que su negocio sea más grande y productivo. Con la ayuda del crédito que solicitar.

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

  • $5,300
    Average annual income
  • 93
    View loans »
    Guatemala Loans Fundraising
  • $9,667,175
    Funds lent in using Kiva
  • 8.1
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Aurora Group's $975 loan helped a member working capital.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2010
Listed
Oct 18, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011