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La Bendicion De Xetacabaj Group
In this Group: Santa Brigida, Aura Rebeca, Maria Antonieta, Reyna Regina, Isabel, Elizabeth, Felipa Dominga, Norma Esther, Santos, Carmelina Santos, Sayra Rovelsi, Rosa Maria, Juana, Eufemia, Prudencia Esperanza, Silveria Rosaria, Santos Florentina
Doña Santa is 43 years old and married. She has five children, two currently in school. Although Santa never was able to attend school, she has been able to start and run her own retail clothing business. She started the business using her personal savings and the help of her husband, who works as a baker. Santa has had her business for the past 13 years. She is requesting a loan as a part of ¨La Bendicion D. Xetacabaj¨ group to help grow her business and increase sales with new materials.

Santa is the featured member of ¨La Bendicion D. Xetacabaj¨ women´s group. The business activities of the other members of the group incluD.: typical clothing sales, food sales, and animal raising. These 17 women have organized to apply for this loan and each will use their portion in their respective businesses.

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
  • $9,872,275
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of La Bendicion De Xetacabaj Group's $4,300 loan helped a member expand typical clothing sales stall.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2011
Listed
Mar 11, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012