Concepcion is married. She is 35 years old. She had 3 years of primary education. She has 3 children and all of them are school students. She works in handicrafts, specifically embroidered blouses for women. She began this business with a small amount of capital and has 17 years experience.
She is organizing a group and asking for a loan in order to buy fabric and shiny cotton embroidery thread to do her embroidery work. In the future she wants to have more capital and employees.
The other members of the group also work in embroidery and in agriculture.
La señora Concepcion es de estado civil casada, de 35 años de edad, curso 3 años de educacion primaria, tiene 3 hijos y los 3 estudian; ella se dedica a la artesanía, especificamente a la elaboracion de bordado de blusas para damas, inició este negocio con un pequeño capital y hasta el momento tiene 17 años de experiencia.
Organiza un grupo y solicita un préstamo que lo va utilizar para la compra de telas y lustrina para realizar los bordados, en el futuro quiere tener mas capital y tener trabajadoras; las demás integrantes del grupo se dedican también a bordados y 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.