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.
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.
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