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Aldea Nimasac Group
In this Group: Catarina Juana, Maria, Isabel Osorio, Maria, Antonia, Ana, Maria Victoriana, Juana, Francisca Victoriana, Juana Chan, Macaria Santos
Doña Isabel O. is the President of the Aldea Nimasac Group. Nimasac is the name of the home-town of the eleven group members. Isabel is 45 years old, married, and has 8 children. Her husband helps support the family by making and selling traditional clothing, while Isabel works raising and selling pigs and hens. Isabel has 15 years of experience with her business and hopes that this second loan with ASDIR and Kiva will help her to acheive her dream of running an even larger and more profitable operation.

Doña Isabel notes that she started her business with help from her husband and their family savings. This loan will help her to purchase materials for the animal pens and also to purchase a few pigs and chickens.

The Aldea Nimasac Group consists of 11 women who are engaged in different business activities including raising animals, making candles, manufacturing traditional clothing, firewood collection and sales, and daily consumer goods sales. This is the group´s second loan through ASDIR and Kiva. The first loan was paid back ahead of schedule 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

  • $4,155
    Average annual income
  • 44
    View loans »
    Guatemala Loans Fundraising
  • $8,586,675
    Funds lent in using Kiva
  • 7.6
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Aldea Nimasac Group's $2,775 loan helped a member to purchase hens and pigs for animal raising business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2011
Listed
Apr 28, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012