- PhilippinesRetailFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
- ArmeniaAgricultureFunding via Nor Horizon Universal Credit Organization Limited Liability Company
- VietnamFoodFunding via Thanh Hoa Microfinance Institution Limited Liability
Tejedoras De Rio San Juan Group
The group has been organized to ask for a loan, which she will use to buy thread of different types and colors, and in the future she wants to have various sales points to make money from the production of skirts and blouses and make a good living. The other members of the group are craftspeople, small animal ranchers, and some are in agriculture.
Organiza un grupo para solicitar un préstamo que lo utilizara para la compra de hilos de varias clases y colores, en el futuro quiere tener varios puntos de venta para comercializar su producción de cortes y guipiles, y tener buenas ganancias. Las demás integrantes d3el grupo se dedican a la artesanía, crianza de animales domésticos, y alguna a la agricultura.
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.
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