Flor De La Tierra Group
Francisco organized a group so that he could request a loan. He will use the money to buy fertilizers for his coffee and corn crops so that he will have a better harvest. In the future, he would like to have more land for planting coffee so that he can generate more income.
The other members of the group are also farmers. It should be mentioned that there are 10 people in the photograph, but only 8 of them are participating in this loan.
Organiza un grupo y solicita un préstamo que lo utilizará para la compra de fertilizante para sus cultivos de café y maíz, para tener mejores cosechas, en el futuro desea tener mas terreno para poder sembrarlo de café y obtener mejores ganancias; los demás integrantes del grupo se dedican a actividades agrícolas. Cabe mencionar que en la fotografía aparecen 10 personas, pero, solamente a 8 de ellos se les concedió el préstamo.
About Asociación ASDIRASDIR (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.
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