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La Esperanza Group
In this Group: Maria Hermelinda , Juana Magdalena , Maria Lucrecia , Ana Maria
Ana María is married. She finished elementary school. She has four children, two of whom are in school. She is a weaver. This has been her work since she was a little girl since it’s always been the family occupation. As a business owner, however, she has five years experience.

She decided to organize a group to request another loan to buy a loom. The other group members carry out a variety of activities like weaving and commerce. In the future she’d like to have several employees in her business.
View original language description ↓
Doña Ana Maria, esa casada, cursó los estudios de educación primaria, tiene 4 hijos 2 de los cuales estan estudiando, se dedica a la tejeduría, este ha sido su trabajo siempre desde niña ya que ha sido el trabajo de la familia, pero como propietaria del negocio lleva 5 años de experiencia. Decide organizar un grupo para solicitar otro préstamos que le servirá para comprar un telar, las otras integrantes del grupo se dedican a diversas actividades, a la tejeduría y al comercio. En el futuro quiere contar con varios trabajadores en su negocio.

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
  • 39
    View loans »
    Guatemala Loans Fundraising
  • $8,605,675
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $1,300 loan helped a member to buy a loom.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2011
Listed
May 29, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012