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San Nicolas Group
In this Group: Eustaquia , Amalia Maria , Asuncion Dora , Lorenza , Silvia Vidalia , Brigida , Magnolia , Elvira Hermelinda
Eustaquia is 44 years old and married. She has a first grade education and has a son who is not currently attending school. She knits guipiles and began this business because of her own financial needs. She's been doing this for ten years and has her husband's support. He is a farmer.

She decided to become part of this group and is asking for a loan to buy thread, alpaca yarn, fabric, etc. so that she can knit her products. She wants to have her own capital in the future and watch her business grow to prosperity. The other members of the group are merchants, farmers, and weavers.
View original language description ↓
La señora Eustaquia de estado civil casada, cuenta con 44 años de edad, curso el 1er. año de educación primaria, tiene 1 hijo que actualmente no esta estudiando, ella se dedica a tejer guipiles, dio inicio a este negocio por su propia necesidad económica y a la fecha lleva 10 años de dichosa experiencia. Ella cuenta con el apoyo de su esposo que se dedica a agricultura.

Decide organizar un grupo y solicita un préstamo que lo va utilizar para engrandecer su capital de trabajo, comprando: hilos, lustrina, telas, etc. para poder tejer sus productos, en el futuro queire tener un propio capital y ver su negocio prosperado; las demás integrantes del grupo se dedican al comercio, agricultura y tejeduría.

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
  • 103
    View loans »
    Guatemala Loans Fundraising
  • $10,369,100
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of San Nicolas Group's $3,600 loan helped a member to buy yarn and fabric.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 2, 2013
May 22, 2013
Currency Exchange Loss:
Aug 30, 2014