Update on Superacion GroupGregoria Mercedes is 20 years old and single. She completed her 'educación primaria' (education for children aged 7-14) and her business is making sweatshirts. She started this business with a small amount of capital and now has six years experience. She hopes, in the future, to have a large business with workers.
Gregoria got together a group so that she could request a loan to buy fabrics, to improve her sweatshirt production. The other members of the group make handicrafts from clay, weave sheets, raise animals, and run stores.
Organiza un grupo para poder solicitar un préstamo que lo utilizara apara la compra de telas, las mejoraran su producción de sudaderos, las demás integrantes del grupo se dedica a la artesanía con barro, tejidos de sabanas, crianza de animales y a la atención de tienda en general.
Previous Loan DetailsDoña Rosa is the group leader for the Superaciòn Group (Translation: ¨The Overcoming Group¨). She is 25 years old, is single, and has one child. Rosa was a student through primary school before she started to work full-time. She currently works making sweaters and other clothing items. (It can get… More from Superacion 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