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Paxoj 2 Group
In this Group: Magdalena , Coralia , Luisa , Angela
Magdalena is single, she is 33 years old, and completed the three years of primary school. She makes her living knitting and weaving traditional fabrics. She started this work through a loan with her friends, to date she has 18 years of experience, and it has been going well for her.

Magdalena leads a group to request a loan which she will use to buy yarn and dyes for knitting, and yarns and fabric for traditional clothes as she wants her business to grow and have several employees in the future, sewing blouses from the region in which she lives. The remaining members make their living selling corn, sewing, rearing and selling animals.
View original language description ↓
La señora Magdalena esta soltera, tiene 33 años de edad,cursó los 3 años de educación primaria, se dedica al tricotado y tejido de cortes típicos, inicio este trabajo haciendo un préstamo con sus amigos, hasta el momento lleva 18 años de experiencia, lo cual le ha ido bien.

Organiza un grupo para solicitar un préstamo que lo utilizara para la compra de hilos y tinta para tricotado hilos y tejido de cortes típicos, ya que quiere que su negocio crezca y tenga en el futuro varios trabajadores tejiendo blusas de la región donde vive. Las demás integrantes se dedican a la venta de maíz, tejeduría, crianza y venta 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

  • $5,300
    Average annual income
  • 100
    View loans »
    Guatemala Loans Fundraising
  • $9,669,775
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Paxoj 2 Group's $1,300 loan helped a member to buy supplies for weaving.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 2, 2015