San Isidro Group
Teresa's business is producing woven ikat fabric which is used to make the traditional women's skirts that people in her community wear. She learned this work a number of years ago from some people she used to work with.
Teresa has been working independently with her own capital for two years. As she makes good profits, she would like to continue investing capital in her business so that she can continue producing this type of fabric.
Teresa is the representative of her group and is requesting a loan to expand her business. She will buy yarn and dyes to use in her work. The other members of the group (the two women on either side of Teresa in the photo) have businesses buying and selling casual clothing. Some of this loan will be used to buy a wider range of clothing and increase sales.
These three ladies have a common goal: to continue investing so that their business become larger in the future and they can make more income for their families.
Ella se dedica a la fabricación de figuras de diferentes clases en hilos que se utilizan en los trajes típicos femeninos que usan en su comunidad la cual se le llama (jaspeado). Ella aprendió hace unos años a realizar este trabajo con algunas personas donde trabajo un tiempo.
Ella es independiente trabajando con su propio capital desde hace 2 años viendo ella que su ganancia es buena y quiere seguir invirtiendo capital para seguir fabricando este tipo de producto.
Ella es la representante de este grupo solicitando un préstamo para ampliar su negocio. Comprando hilos y tintes que utilizara, las demás integrantes (las dos de cada lado de la fotografía) son socias y se dedica a la c/v de ropa casual utilizando también una parte de este crédito comprando más ropa variada y ampliar esta venta.
Las tres señoras tienen una meta de seguir invirtiendo y tener un negocio más grande en un futuro teniendo mejores ingresos para sus familias.
About ADICLAADICLA (Association for the Holistic Development of the Basin of Lake Atitlán) is nonprofit rural community development association that provides small loans and services to improve quality of life in two of the poorest regions of Guatemala, home to large indigenous populations. Kiva funding will be used to support three innovative credit initiatives: youth business loans, green loans, and smaller loans to help ADICLA move down-market and serve poorer clients.
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.
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Success!! The loan was 100% repaid