Elizabeth is a widow and is 33 years old. She has up to a 2nd grade education, and has 5 children. None of her children attend school. She works in embroidering regional dresses, and started this business with the help of her mother. She has 4 years of experience with her business.
She organized a group and decided to request a loan that she will utilize to buy thread for embroidering dresses. In the future she wants to have a location in the market to sell the dresses. The other members of the group also work in embroidering dresses.
There are 11 women in the photograph, but only 10 of them are part of the group requesting the loan.
La señora Elizabeth es viuda, tiene 33 años de edad, curso el 2do. año de educación primaria, tiene 5 hijos y de ellos nadie estudia, ella se dedica a la elaboracion de borado de guipiles, inició este negocio con la ayuda de su madre y hasta el momento lleva 4 años de experiencia.
Organiza un grupo y decide realizar un préstamos que lo utilizará para la compra de hilos para bordar guipiles, en el futuro quiere contar con un local en el mercado para la venta de guipiles. Las demás integrantes del grupo se dedican tambien a bordar guipiles.
en la fotografia aparecen 11 señoras pero solo a 10 se les concedio el préstamo.
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.