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Azucenas Group
In this Group: Elda Azucena, Cruz Angelina, Francisca Mejia, Gregoria Elisa, Gloria María, Florinda, Teresa, Antonia, Micaela Hernandez, Maria, Rebeca, Catarina
Elda is 33 years old and married. Her husband works as a waiter. She has two children, both currently in primary school. Elda went through primary school before she started to work for a living. Ten years ago, Elda launched her business selling everyday goods and medecine. Her business started with a loan, and she is now requesting a new loan to expand her store. In the future, Elda´s goal is to have a comfortable amount of working capital and continue to operate a successful business.

Elda is a member of the Azucenas Group, which consists of 12 members who have organized together to apply for this loan. Business activities of group members incluD.: sale of household goods, medecine sales, typical clothing sales (blouses, skirts, dresses), apron sales and animal raising. This is the second loan through ASDIR for the Azucenas group. The first loan was paid back with no problems.

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
  • 73
    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 Azucenas Group's $2,975 loan helped a member retail business expansion.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2011
Listed
Mar 11, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012