Aurora Dos Group
She leads a group to seek a loan which she will use to buy merchandise for the sale of traditional skirts, blouses, woven belts and traditional tunics among the other products needed. She hopes that in the future she will have enough capital and have a business with a variety of goods to sell. The other members of the group make their living rearing animals, embroidering and making clothes.
Organiza un grupo para solicitar un préstamo que lo utilizara para la compra de mercadería para la venta: cortes, fajas, guipiles, y entre otros productos necesarios, ella espera en el futuro tener amplio capital y tener un negocio con variedad para vender. Las demás integrantes del grupos se dedican a la crianza de animales, elaboración de bordados y a la confección de prendas.
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