Check out some available loans that are similar to this one!
Cacbachuy Group
In this Group: Santos Irineo, Jose Domingo, Maria Estela, Luis Antonio, Oscar Santiago, Ana Maria
Sr. Santos Irineo is 26 years old, married, and has a sixth grade education. He has three children who are not yet in school. Santos sells new clothing and started out offering his goods in the town squares. He has 15 years of experience and receives the support of his wife, who handles the household chores.


Santos decided to organize a group so that he could request a loan for purchasing clothes in different sizes such as sweaters, scarves, trousers, sweatshirts, jackets, and other types of garments. The other members of this group engage in different business activities such as trade and livestock breeding. In the future, Santos hopes to see his business turn into a chain of clothing stores.

View original language description ↓
El señor Santos Irineo es casado, tiene 26 años de edad, cursó los 6 años de educación primaria, tiene 3 hijos los cuales aun no están estudiando, se dedica al comercio a la venta de ropa nueva, inició su negocio vendiendo en las plazas, tiene 15 años de experiencia, cuenta con el apoyo de su esposa quien se dedica a los oficios domésticos.

Decide organizar un grupo para poder solicitar un préstamo que lo utilizará para la compra de ropa de diferentes tamaños, suéteres, bufandas, pants, sudaderos, chumpas, y entre otros tipos de ropa. Los demás integrantes del grupo se dedican a diversas actividades al comercio y a la crianza de animales. En el futuro espera ver su negocio con una cadena de tienda de ropa.

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 Cacbachuy Group's $1,850 loan helped a member to purchase different types of clothing.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2011
Listed
Jun 24, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012