Marta Julia is a single mother. She's 23 years old, has a sixth grade education, and has a son who attends school. She makes and sells refreshments and began this business with a small amount of capital and has two years' experience.
She decided to join a group so that she could request loans which will help her buy ingredients with which to prepare refreshments to sell. In the future she would like to have a restaurant in the department. The rest of the group's members have businesses.
La señora Marta Julia es madre soltera, tiene 23 años de edad, de escolaridad 6to. primaria, tiene 1 hijo que aun no va a la escuela, ella se dedica a la preparacion y venta de refacciones, inició este negocio con poco capital y a la fecha lleva 2 años de experiencia en su negocio.
Decide organizar un grupo para poder solicitar un préstamos que le va servir para comprar insumos para la preparación de refacciones para vender, en el futuro desea tener un restaurante en el departamento; las demás integrantes del grupo se dedican al comercio.
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.