Santiago, 41, es married. He completed three years of primary school. He has seven children five of which attend school. He works tilling the soil growing green beans. He started this work because it’s his family’s main activity. To date he has 25 years’ experienced; his wife helps him.
He organizes a group and requests a loan to buy supplies for his green bean crop. In the near future he’d like to increase his working capital to get more crops to meet current demand and to be able to improve his income. The other group members work growing green beans.
El señor Santiago es de estado civil casado, de edad 41 años, curso 3 años de educación primaria, tiene 7 hijos y de ellos 5 están estudiando, él se dedica a cultivar la tierra, siembra ejote, inició este trabajo porque es la actividad principal de su familia y hasta hoy lleva ya 25 años de larga experiencia, también cuenta con todo el apoyo de su señora esposa.
Organiza un grupo y solicita un préstamo que lo va utilizar para la compra de insumos para la siembra de ejote, en el futuro cercano desea incrementar su capital de trabajo y asi poder obtener más cosechas para poder satisfacer la demanda que tiene y poder mejorar sus ingresos económicos; los demás integrantes del grupo se dedican a la siembra de ejote.
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.