He organized a group and requests a loan to buy more merchandise consisting of various bedspreads I assorted colors and of various qualities hoping in future to have a variety of products and a place of his own to sell them in.
The other group members raise animals to sell. One of the members in the photo did not qualify for the loan.
Organiza un grupo y solicita un préstamo que le servirá para la compra de mas mercadería, consistente en colchas de diferentes colores y calidades, esperando en el futuro tenga variedad de productos y un local propio para sus ventas. Los demás integrantes se dedican al comercio y a la crianza de animales, Uno de los integrantes de la foto no calificó para el crédito.
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