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Nueva Esperanza Group
In this Group: Rosa Maria, Francisca, Esperanza, Aracely, Rosa, Eva Nohemi, Josefa Carmen, Juliana, Modesta Gregoria, Olivia
Esperanza is a 41 year-old married lady. She completed her elementary school education and has two children. Neither of her children are in school. Esperanza does housework and weaves garments by hand. She also sells medicine. She has six years' experience running a pharmacy which has been an important source of income for her. She started out with just a little capital. She has the support of her husband who works in the building traD..

Esperanza formed a group in order to request a loan to buy medicines for resale. The other members of her group work in different businesses including: raising animals, selling footwear, selling medicine, running a grocery store and selling vegetables. Esperanza hopes to improve her business and capitalize it further.
View original language description ↓
Doña Esperanza es una señora casada, tiene 41 años D. edad, cursó los estudios D. educación primaria, tiene 2 hijos y ninguno esta estudiando, se dedica a oficios domésticos, elaboración D. prendas D. tejidos a mano, y a la venta D. medicina en general, tiene 6 años D. experiencia en atender una farmacia que ha sido una fuente D. ingreso importante para ella, inició con un poco D. capital, cuenta con el apoyo D. su esposo quien se dedica a la albañilería.

Organiza un grupo para solicitar un préstamo para la compra D. medicamentos para reventa, las demás integrantes del grupo se dedican a diversas actividades: crianza D. animales, venta D. calzado, venta D. medicina, atención a tienda D. consumo diario, y a la venta D. verduras. Esperan mejorar su negocio y capitalizarlo más.

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
  • 75
    View loans »
    Guatemala Loans Fundraising
  • $9,917,275
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $2,250 loan helped a member to buy medicines for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012