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Asaf Group
In this Group: Raquel , Felisa , María Angélica , Agustina , Emma , Norma

Update on Asaf Group

The group "Asaf" is formed by a group of women who are very hardworking and responsible, and they live in a very calm, small place where the people grow corn. The members took the name of their group from the bible, and although they don't know exactly what it mean, they like it. It is an Evangelical name, and the members believe it is the name of a musician.

Doña Raquel is the representative of the group. She is 35 years old, married to her husband Ismael for 19 years, and together they have a family with three children, two of which are studying. Doña Raquel has sold blenders and household products for 15 years. She began her business because, as a child, her parents sold these products and then when she got married, her husband Ismael also sold the same products. It wasn't difficult for her to adapt to the work.

This time Doña Raquel is applying for the loan to buy more products such as tongs, spoons, glasses, blenders, etc. In regards to the loan, Doña Raquel said, "If they authorize this loan for me and my husband, it will be a great help to be able to invest in our business. The more products we have, the better our sales will be and we will be able to make the quality of life better for our children." The difficulty for Raquel is when sales fall drastically, and this typically happens in the month of February when they don't sell hardly anything. She would like to have a bigger shop where she can have more merchandise.

The other members of the group are Agustina, Emma, Norma, and Felisa who will all invest in household products, and Angelica who will invest in controls devices.
View original language description ↓
El grupo “Asaf” está conformado por un grupo de mujeres que son muy trabajadoras y responsables, viven en un lugar muy tranquilo y pequeño donde la gente se dedica al cultivo de maíz las integrantes del grupo cuentan que el nombre lo eligieron porque lo sacaron de la biblia, no saben con seguridad qué significa, pero les gusta. Se trata de un nombre evangélico y las integrantes creen que era el nombre de una persona que organizaba músicos. Nos cuentan que en el lugar donde viven celebra el día en que el evangelio llega al lugar. Doña Raquel quien es la representante del grupo plática que tiene 35 años de edad esta casada con el señor Ismael desde hace 19 años juntos han formado una familia con tres niños de los cuales solo estudian dos. Doña Raquel desde hace 15 años se dedica a la venta de vasos de licuadora y productos de jarcería inicio su actividad porque desde pequeña sus padres se dedicaban a la venta de estos artículos y cuando se caso también su esposo Ismael se dedicaba a la venta de estos mismos productos asi que para ella ya no fue nada dificil adaptarse al trabajo, esta vez está solicitando el crédito para comprar más productos como, espinzas, cucharas, vasos, vasos de licuadora, etc. Raquel Comento "Si me autorizan el crédito para mí y para mi esposo será de gran ayuda para poder invertirle al negocio ya que en mas tengamos variedades de productos nuestras ganancias podrán aumentar y asi nosotros podemos mejorar la calidad de vida de nuestros hijos" Aunque la dificultad de Doña Raquel es cuando sus ventas bajan mucho por lo regular es en el mes de febrero por lo regular son fechas en los que no venden casi nada, A doña Raquel le gustaría llegar tener un local mas grande donde pudiera tener mas mercancía. Los otros miembros del grupo son Agustina, Emma, Norma y Felisa quienes invertirán en productos de jarcería y Angélica invertirá en controles.

Previous Loan Details

This is the second loan cycle for "Asaf" group. The six members are still together. They loved working with VisionFund and they got along well among themselves. These women live in a peaceful community where the main economic activities are related to the field. People grow maize, broad beans, be... More from Asaf Group's previous loan »

Additional Information

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.

About Mexico

  • $15,600
    Average annual income
  • 21
    View loans »
    Mexico Loans Fundraising
  • $19,054,050
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Asaf Group's $6,125 loan helped a member to buy blenders and household products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 3, 2013
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Asaf Group. It was first posted on Kiva on Oct, 2012. Learn More