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Las Azucenas Group
In this Group: Lucrecia , Santos Olivia, Pablo Margarito
Lucrecia E. P., 27 years old, in her sixth year of school, has two children. She runs a general store. She has 12 years of experience in this business and relies on the support of her husband, who works in public transport. She decided to organize a group to apply for loans that would help to increase working capital. Each of the members of this group is in sales, running a store, or doing public transport. Lucrecia wants to stock her business.

**Translator's note: The group's name is "Las Azucenas," which means "The White Lilies."
View original language description ↓
Doña Lucrecia E. P., tiene 27 años D. edad, cursos el sexto año del nivel primario, tiene 2 hijos, se dedica atender una tienda D. consumo diario, lleva 12 años D. experiencia con este negocio, cuenta con el apoyo D. su esposo que se dedica a servicios D. transporte. DeciD. organizar un grupo para solicitar un prestamos que servira para ampliar su capital D. trabajo, cada uno D. los integrantes D. este grupo se dedica al comercio, servicio D. tienda en general y servicio D. transporte. Doña lucrecia quiere tener un negocio surtido.

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
  • 72
    View loans »
    Guatemala Loans Fundraising
  • $9,630,475
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Azucenas Group's $1,025 loan helped a member working capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2011
Listed
Feb 23, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011