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Piedras De Oro Group
In this Group: Maria Cristina, Elma, Silvia Elizabet, Juana, Maria Esperanza, Angelina, Herlinda, Dominga, Maria Epifania, Angelica*, Paulina, Leticia Marcelina, Felipa, Rosa, Marcelina, Maria, Isabel Rigoberta
* not pictured
Maria Cristina is single and 23-years-old. She did not have the opportunity to go to school. She spends her time working at domestic chores as well as reselling traditional clothing, a business she started with a small amount of capital she had saved. Up to this point she has five years of experience.

She decided to organize a group with the goal of requesting a loan that would enable her to expand her working capital for buying traditional clothing: cortes (skirts), güipiles (highly decorated long shifts worn over the corte), sweaters, and fajas (woven belts) to resell them as she would like to see her business better stocked. The other members of the group work in various areas such as business and agricultural production.
View original language description ↓
La señora Maria Cristina es soltera, tiene 23 años D. edad, no tuvo la oportunidad D. estudiar, se dedica a los oficios domésticos como también al comercio a la reventa D. ropa típica, inicio con un poco D. capital que tenia ahorrado, y hasta el momento lleva 5 años D. experiencia.

DeciD. organizar un grupo con el fin D. solicitar un préstamo que le servirá para ampliar su capital D. trabajo, para la compra D. ropa típica: cortes, güipiles, suéteres, fajas, para revenderlos, ya que quiere ver su negocio mejor y surtido. Las demás integrantes del grupo se dedican a diversas actividades productivas como: el comercio y la producción agrícola.

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
  • 127
    View loans »
    Guatemala Loans Fundraising
  • $10,855,800
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Piedras De Oro Group's $4,050 loan helped a member to buy traditional clothing for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 15, 2011
Jul 22, 2011
Currency Exchange Loss:
Jun 16, 2012