Mujeres De Chajabal Group
With a desire to get ahead, lots of enthusiasm, and with the help of some neighbors, they formed a group so that they could request a loan. The communal bank is called, “Mujeres D. Chajabal” (Women of Chajabal). The name was selected by all of the group’s members, taking into account the name of their neighborhood.
The communal bank has 10 members who are involved in different activities. Among them are: t-shirt making, raising livestock, the sale of daily consumables, and typical clothing. Lidia will use the money from this loan to buy supplies for making t-shirts, and in this way be able to increase her business. In this way she will be able to increase her income and improve her own and her family's living conditions.
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