Catarina is a 42 year-old married woman. She did not have the opportunity to study. She has 7 children, 3 of which are studying. She makes a living selling a wide variety of clothing. She sells in the market close to where she lives. She started this business with very little capital ten years ago. She has the support of her husband, who helps her financially.
She became a part of the communal bank that is requesting a loan. She will use her portion of the loan to buy merchandise to resell, such as sweaters, t-shirts, shirts, socks, hats, scarfs, etc. She hopes to improve her business and have other sales locations.
La señora Catarina esta casada, tiene 42 años de edad, no tuvo la oportunidad de estudiar, tiene 7 hijos 3 de los cuales están estudiando, se dedica al comercio a la venta de ropa de toda clase, en la plaza de su localidad, inicio este negocio con poco capital, hasta el momento lleva 10 años de experiencia, cuenta con el apoyo de su esposo quien le apoya económicamente.
Organiza un grupo y solicitan un préstamo que les servirá para la compra de mercadería para la venta, suéteres, playeras, camisetas, calcetines, gorras, bufandas, etc. Espera mejorar su negocio y tener otros puntos de venta.
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.