Update on Marta AlbertinaMarta Albertina is married, 25 years of age, completed her studies through elementary school, and has 1 son who is not yet in school. She dedicates herself to making and selling woven items. She started this business thanks to time she spent working for another company and, as of today, she counts on 10 years of experience. She has the support of her husband, who dedicates himself to commerce.
She decided to request funds such as loans through ASDIR in order to augment her working capital. She works making shirts and jerseys. She is going to buy fabrics and thread for producing more items and to sell more of her products. In the future, she hopes her small business becomes an enterprise.
Decide solicitar un dinero como prestamos a ASDIR para ampliar su capital de trabajo, trabaja en la confección de camisas y playeras, va a comprar telas e hilos para confeccionar mas y poder vender más de su producto. En el futuro quiere que su pequeño negocio sea una empresa.
Previous Loan DetailsSra. Marta Albertina is 24 years old, married, and finished her elementary school education. She has one son who is still not in school. Marta produces and sells woven articles. She started this business as a result of working at another business. As of this moment, she has 10 years of… More from Marta Albertina's previous loan »
About Asociación ASDIRASDIR (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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Dec 22, 2011
- Feb 1, 2012
- Currency Exchange Loss:
- Oct 16, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.