Mujeres De La Cumbre Group
Update on Mujeres De La Cumbre GroupOlga Marina, 31, is married. She completed sixth grade. She has three children two of which are attending school. She does housework and is a merchant. She has nine years’ experience as a merchant having started her business with little capital and with her husband’s help.
She organizes a group to request a loan to buy different kinds of clothes: sweaters, sweatshirts, t-shirts, shirts, lingerie, scarves, women’s sweaters and others. She hopes in future to have a large, well-stocked business.
The other group members are merchants, grocers, ice-cream merchants and raise livestock.
Organiza un grupo para poder solicitar un préstamo que le servirá para la compra de ropa de diferentes clases: chumpas, sudaderos, playeras, camisas, lencería, bufandas, suéteres para damas y otros más. Espera en el futuro tener un negocio grande y surtido. Las demás integrantes del grupo se dedican al comercio, tienda de consumo diario, venta de helados y a la crianza de animales.
Previous Loan DetailsOlga Marina is married, 30 years old, and studied through the 6th year of primary school. She has 3 children, two of whom are in school. She takes care of household duties just as she takes care of her business. She has 8 years of experience being a storekeeper, starting her business with little… More from Mujeres De La Cumbre 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.
72View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Aug 18, 2012
- Oct 1, 2012
- Currency Exchange Loss:
- Sep 21, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.