Mujeres De La Cienaga Group
Update on Mujeres De La Cienaga GroupMarta is married, she is 41 years old, she did not have the chance to study, and she has 4 children, 3 of whom are attending primary school. She embroiders blouses and breeds animals. She started the embroidery activity out of her own initiative, with a small working capital she had been lent, and she has 5 years of experience in this field.
She has organized a group in order to request a loan that she will use to buy supplies for her embroidery activity. In this occasion she will buy cloths in order to embroider more items and increase her income. The other members of the group engages in different activities such as creating and embroidering blouses, selling snacks and animal breeding.
Organiza un grupo para poder solicitar un préstamo que le servirá para la compra de materiales para bordado, en este caso telas y así producir mas bordados, y mejorar sus ganancias. Las demás integrantes del grupo se dedica a diversas actividades: Confección y bordado de blusas, venta de refacciones y a la crianza de animales.
Previous Loan DetailsSeñora Marta is married. She is 40 years old and did not have the opportunity to study. She has 4 children, 2 of whom are attending primary school. She dedicates her time to embroidering blouses and to raising animals. She started her embroidery business on her own initiative and now has 5 years ... More from Mujeres De La Cienaga Group'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.
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.
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Success!! The loan was 100% repaid