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Buena Vista Group
In this Group: Margarita , Marta , Andrea , Eluvia , Ana Lucia
Margarita is a single mother, 43 years old, completed two years of primary school, and has six children, two of of whom are in school. She weaves guipiles (regional clothing of the indigenous people) and traditional clothing. She started this business that her mother taught her, and to date, has 30 years of experience in this field.

She decided to organize a group and request a loan that she will use to purchase threads for weaving the guipiles and traditional clothes. In the future she wants to have more capital to be able to produce more and be able to sell in other places. The other group members weave guipiles and traditional clothes. In the photo, there are seven members, but only five of them took the loan.
View original language description ↓
Las señora Margarita es madre soltera, tiene 43 años de edad, cursó 2 años de educación primaria tiene 6 hijos y 2 de ellos estan estudiando, ella se dedica a tejer guipiles y cortes típicos, inició este negocio por la enseñanza de su madre y hasta la fecha lleva 30 años de experiencia en ese ramo.

Ella decide organizar un grupo y solicita un préstamo que lo utilizará para la compra de hilos para tejer guipiles y cortes, en el futuro desea tener más capital para poder producir más y poder vender en otros lugares; las demás integrantes del grupo se dedican a tejer guiplies y cortes típicos. En la fotografia aparecen 7 integrantes pero, solo se les concedió el préstamo a 5 de ellas.

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
  • 65
    View loans »
    Guatemala Loans Fundraising
  • $9,064,775
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Buena Vista Group's $1,550 loan helped a member purchase threads for weaving.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 2, 2015