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Xecaxjojense Group
In this Group: Santos, Paula, Teresa
Doña Santos, Doña Paula and Doña Teresa have joined together to form a solidarity group named Xecaxjojense. The group leader, Doña Santos, would like to use her portion of the loan to purchase traditional blouses for resale. She has been selling traditional blouses for 5 years and would like the opportunity to increase her sales and income. She started out in the business selling clothing as an employee for someone else, but she prefers to work independently and have the opportunity to grow her own business.

Santos is 40 years old, single, and has 6 children. She went to school long enough to learn how to read and write which has helped her tremendously to run her own business. She would love to, one day, run a large clothing store in her community.

The other two members of the Xecaxjojense Group are involved in animal raising and plastic goods sales. Both will use their portion of the loan to help grow 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
  • 82
    View loans »
    Guatemala Loans Fundraising
  • $9,641,725
    Funds lent in using Kiva
  • 7.6
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Xecaxjojense Group's $325 loan helped a member to purchase blouses for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2011
Listed
Apr 28, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011