Angelina Maria's Group
She has organized a group to apply for a loan, which she will use to buy thread to weave her products. In the very near future, she wants to see her business prosper and to have employees. The other members of the group make a living making traditional woven fabrics and planting vegetables.
In the photo there are eleven women, but this loan will only be granted to ten of them because one did not fulfill the requirements.
Organiza un grupo para solicitar un prestamo, que lo utilizara para la compra de hilos para tejer sus procutos. ella en el futuro muy cercano quiere ver su negocio proserado y tener trabajadores. Las demás integrantes de grupo se dedican a la elaboracion de tejidos tipicos y a sembrar verduras.
En la foto aparecen 11 señoras, pero, solo a 10 de ellas se les otorgo el prestamo porque una no lleno los requisitos.
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