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Sion Group
In this Group: Maria Elena , Maria Zacarias , Maria Silveria , Maria Isabel , Juana , Victoriana , Isabel , Silvia Catalina , Regina , Maria , Agustina
María Elena is married and is 39 years old. She didn't have the opportunity to study and never had children.

She makes her living weaving traditional skirts. She started this business with little capital and few materials. She now has 8 years of experience, and counts on the support of her husband, who also makes his living weaving traditional skirts.

She has organized a group to be able to apply for a loan, which she will use to buy materials for her business, specifically embroideries of various designs and threads.

She hopes to continue prospering in her business and to be able to have employees in the future. The rest of the members of the group make their living in selling, weaving and animal husbandry.
View original language description ↓
La señora Maria Elena esta casada, tiene 39 años de edad, no tuvo la oportunidad de estudiar, no tuvo hijos, se dedica a la tejeduría de cortes típicos, inicio este negocio con poco capital y pocos materiales, hasta ahora lleva 8 años de experiencia, cuenta con el apoyo de su esposo quien se dedica al mismo trabajo de tejeduría de cortes.

Organiza un grupo para poder solicitar un préstamo, que lo utilizara para la compra de materiales, para su negocio, específicamente la compra de labores de diferentes diseños e hilos, espera seguir prosperando su negocio y poder tener empleados mas adelante. Las demás integrantes se dedican al comercio, tejeduría y a la crianza de animales.

Additional Information

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.

About Guatemala

  • $4,155
    Average annual income
  • 62
    View loans »
    Guatemala Loans Fundraising
  • $8,830,375
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Sion Group's $3,125 loan helped a member to buy thread and decorative embroideries for weaving.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Feb 13, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013