Nicolás is in a common law relationship and is 31-years-old. He never went to school. He has two children who are not attending school. He works growing corn and beans having started this work helping his father to till his soil and to date has ten years’ experience; his wife helps him.
He decides to organize a group to request a loan he’ll use to buy fertilizer to spread among his crops so they’ll grow better. In future he wants to have more land to grow large amounts and earn higher profits. The other group members work the land.
El señor Nicolas esta unido de hecho, tiene 31 años de edad, no tuvo la oportunidad de ir a la escuela, tiene 2 hijos y no estan estudiando, él se dedica al cultivo de maíz y frijol, inició este trabajo con su padre ayudandolo a cultivar sus tierras y hasta la fecha lleva 10 años de experiencia, también cuenta con el apoyo de su esposa.
Decide organizar un grupo y solicitar un préstamo que lo utilizará para la compra de fertilizante para hecharle a sus cosechas y asi cultivar mejor, en el futuro desea tener más terreno para poder cultivar en cantidad y asi obtener mejores ganancias; los demás integrantes del grupo se dedican a cultivar la tierra.
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.