Mr Augusto is married. is 33 years old and has finished 4 years of primary education. He has 4 children, all in school. He makes a living in farming. He started his business when his father gave him a plot of land to for him to grow crops on. He currently has 14 years of experience in farming.
He has organized a group to request a loan that will be used to buy fertilizer that will help improve the production of his fields. In the future, he would like to see his business of farming growing. The other members of the group are also in farming.
Es señor Augusto es casado, tiene 33 años de edad, curso 4 años de educacion primaria, tiene 4 hijos y todos estan estudiando, se dedica a la agricultura. Inicio su negocio cuando su padre le concedio una cuerda de terreno para que lo sembrara, actualmente lleva 14 años de experiencia en agricultura.
Organiza un grupo para solicitar un prestamo que lo utilizara para la compra de abono que le servira para la mejor produccion se la cosecha. En el futuro quiere ver su negocio con cosecha abundante, los demas integrantes del grupo tambien se dedican a la agricultura.
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.