Maria Isabel is 34 years old and married. She graduated with studies in the sciences and humanities and she has 4 children who are currently in school. She works selling different varieties of cosmetics. She started this business out of the necessity to have her own income and now she has five years of experience. She counts on the support of her husband who also works in business. She organized a group to request a loan which she will use to purchase products to sell, since she wants to expand her business. She hopes to have a store in the future and sell wholesale. The other group members work in business and raising domestic animals.
La señora Maria Isabel esta casada, tiene 34 años de edad, esta graduada en ciencia y letras, tiene 4 hijos los cuales están estudiando, se dedica al comercio a la venta de cosméticos en diferente variedades, inicio este negocio con la necesidad de contar con su propio ingreso, y hasta el momento lleva 5 años de experiencia, cuenta con el poyo de su esposo quien se dedica al comercio.
Organiza un grupo para solicitar un préstamo que lo utilizara para la compra de productos para mercadería, ya que quiere tener un negocio mas amplio. Espera en el futuro tener una tienda con local propio y vender a mayorista. Las demás integrantes del grupo se dedican al comercio y a la crianza de animales domésticos.
About Asociación ASDIR
ASDIR (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.
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.