Nueva Estrella Group
Update on Nueva Estrella GroupAna Lucia is 21 and raises animals and sells clothing for babies, children and adults. She began this business with a small amount of capital and now has 6 years of experience. She hopes in the future to have a well-stocked business with increased sales. She decided to organize a group to apply for a loan from ASDIR to buy merchandise such as: sweaters, shirts, jackets, scarves, blouses, children's items, socks and gloves, etc. so as to have varied items for sale and increase business. Some members of the group raise crops or animals, while others sell shoes, used items or other products,
Decide organizar un grupo para solicitar un préstamo a ASDIR para la compra de mercaderías: suéteres, playeras, chumpas, bufandas, blusas, beberos, calcetines para bebes, guantes, etc, y así poder contar con más variedad en sus ventas, y cumplir con su sueño de ver un negocio mejor y más surtido. Las demás integrantes se dedican a la producción agrícola, venta de calzado, venta de trastos, crianza de animales y al comercio.
Previous Loan DetailsMs. Ana Lucia is married, 20 years old, and does not have any children yet. She raises animals and sells clothing. She started her business once she had a little capital, and now she has five years of experience. She has the support of her husband, who works in traD.. She decided to organize a... More from Nueva Estrella 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