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Mujeres De Xecojom Momos Group
In this Group: Petrona , Ines , Ofelia , Melecia , Santos , Delfina
Santos, 40, is legally single but in a common law marriage. She did not have the opportunity to go to school. She has five children and of them, two are studying. She is an artisan who makes baskets. She began in this business by learning the art with her mother and now she has ten years of experience. She also has the support of her husband, who is a merchant.

She organized a group and she has decided to request a loan to be used in the purchase of material for the making of baskets. In this way, she can increase her working capital. In the future she hopes to have enough capital to be able to make more baskets with different designs and in different sizes. The other members of the group make their livings in sales.
View original language description ↓
La señora Santos de estado civil unida de hecho, tiene 40 años de edad, no tuvo la oportunidad de ir a la escuela, tiene 5 hijos y de ellos 2 estan estudiando, ella es artesana, elabora canastas, inició este negocio aprendiendo este arte con su madre y hasta la fecha lleva 10 años de expereiencia; tambíen cuenta con el apoyo de su esposo quien es comerciente.

Organiza un grupo y decide solitar un préstamo que lo utilizará para la compra de materiales para elaboración de caastas y de esa manera poder ampliar su capital e trabajo. En el futuro desea tener capital grande para poder elaborar mas canastas de diferentes diseños y tamaños; las demás integrantes del grupo se dedican a al 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

  • $4,155
    Average annual income
  • 61
    View loans »
    Guatemala Loans Fundraising
  • $9,070,500
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres De Xecojom Momos Group's $2,775 loan helped a member to buy materials for basket making.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 2, 2015