Update on Chocaman GroupSantiaga is 53, married and makes a living selling clothes of all kinds and sizes. She didn't have the chance to get an education. She started her business as a street vendor and so far she has 21 years experience.
She decided to start a group to request a loan that they will use to buy merchandise to sell. Since she sells new clothes they are going to buy scarves, stockings, socks, jackets, and hats among other types of clothing.
The other members of the group make a living in commerce and the rearing of domestic farm animals. In the future they want to have their own business with business premises.
Decide organizar un grupo para pedir y solicitar un préstamo, que lo utilizaran para la compra de mercadería para la venta, ya que se dedica a la venta de ropa nueva, van a comprar bufandas, medias, calcetines, chumpas, gorras, y entre otros tipos de ropa. Los demás integrantes del grupo se dedican al comercio, y los demás a la crianza d animales domésticos. En el futuro desean tener su negocio con locales comerciales.
Previous Loan DetailsMrs. Santiaga, 52, is married and sells all kinds and sizes of clothing. She was unable to get an education, and set up her street vendor activity 20 years ago. She decided to organize a group to apply for loans which she will use to buy new clothing merchandise such as scarves, stockings, swea... More from Chocaman 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