Update on Choquinom GroupDoña Isabel is 38 and didn't have the opportunity to go to school. She has 7 children, all of whom are in school. She does work around the house and also works in agriculture, growing vegetables. She has done this work for 6 years. She started with only a small amount of land, and now she wants to increase her production.
Since then, they have organized a group to request a loan that will serve as working capital to prepare land for their crops, to buy seeds, and to increase the production of vegetables. She has the support of her husband, who also works in agriculture. The other members of the group also work in agriculture, growing vegetables and raising cattle. They hope that, with the investment they make, they can improve their living conditions.
Decide entonces, organizar un grupo para solicitar un préstamo que servirá como capital de trabajo para preparar el terreno para el cultivo y la compra de semillas y así aumentar la producción de verduras, ella cuenta con el apoyo de su esposo quien se dedica a la agricultura. Los demás integrantes del grupo se dedican a la agricultura, a la siembra de hortalizas y una de ellas se dedica a la crianza de ganado vacuno. Esperan con la inversión que hacen, aumentar sus ganancias y mejorar su condición de vida.
Previous Loan DetailsIsabel P. T., age 37, did not have the opportunity to attend school. She has seven children, and they all attend school. She devotes herself to domestic chores and also to farming. She grows vegetables, and she has five years of experience in this field. She started planting only one “cuerda”... More from Choquinom 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