Lucero De La Mañana Group
Update on Lucero De La Mañana GroupFederica is 46 years old and married. She did not have the opportunity to get an education. She has five children, and four of them go to school.
She sells typical clothing, and she also makes aprons. She started by thinking of improvement for her family. So far she has eight years of experience in selling clothes. She has her husband’s support. He makes pants and aprons.
She organized a group with the objective of requesting a loan. The loan would serve to increase her capital in her business of selling typical clothing, to buy Mayan skirts, traditional blouses, and sashes, etc.
The other members of the group devote themselves to diverse financial activities like selling clothes, food, working in a general store, making aprons and pants, making blouses, and raising animals. In the future they believe their businesses will be large, and they will have different products.
Organiza un grupo con el objetivo de solicitar un préstamo que servirá para ampliar su capital de comercio de ropa típica, compra de cortes, güipiles, delantales, fajas, etc; las demás integrantes del grupo se dedican a diversas actividades económicas: venta de ropa, alimentos, atención a tienda en general, confección de delantales y pantalones, confección de blusas y a la crianza de animales. En el futuro creen que su negocio sera grande y con diferente productos.
Previous Loan DetailsMs. Federica is a 45 year-old married woman. She did not have the opportunity to study at all. She has four children, three of whom are in school. She sells typical clothing and also sews aprons. She started off with her family's betterment in mind, and at this point she has eight years of experi... More from Lucero De La Mañana 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