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Choxbajan Tres Group
In this Group: Aura Marina , Bartola , Angela , Francisca , Ana , Reyna Elizabet , Juan Antonio , Sandra, Leonardo
Aura Marina, 33, is married; she completed four years of elementary school and has five children two of which attend school. She works weaving baskets, a business she inherited from her parents which is how she started out; to date she has 8 years’ experience. She also has her husband’s support; he’s a merchant.

She organized a group and decided to request a loan that will be used to buy basket-weaving supplies. In future, she’d like to have more capital to be able to produce more and sell at wholesale. The other group members work in crafts and in commerce.
View original language description ↓
La señora Aura Marina de estado civil casada, cuenta con 33 años de edad, curso 4 años de educacion primaria, tiene 5 hijos y 2 de ellos estan estudiando; ella se dedica a la elaboración de canastillas, este negocio le fue heredado por sus padres y de esa manera fue como inició y hasta el momento lleva ya 8 años de experiencia. También cuenta con el apoyo de su esposo quien es comerciante.

Organiza un grupo y decide solicitar un prestamo que lo utilizará para la compra de materiales para la elaboracion de sus canastillas, en el futuro quiere tener mas capital para poder procudir mas y vender por mayor; las demás integrantes del grupo se dedican a artesanía y comercio.

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
  • 80
    View loans »
    Guatemala Loans Fundraising
  • $9,928,425
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Choxbajan Tres Group's $2,575 loan helped a member to buy basket weaving supplies.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014