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Flor Del Durazno Group
In this Group: Mario , Francisco , Walter , Amparo , Elsiro , Romelia , Fidelio , Joel , Rolando
Mario is 40 years old and married. He attended school through the sixth grade. He has five children, three of whom are in school. He is a farmer, growing coffee and corn. He started the business with the money he made from another business. He bought some coffee bushes and has been farming for five years. His wife, who stays at home, helps him with the farming.
He leads a group and is requesting a loan to buy fertilizer to increase his crop yields. In the near future he hopes to acquire more land so he can plant more crops and earn more income. The other members of the group grow corn, coffee, and fruits.
View original language description ↓
El señor Mario de estado civil casado, tiene 40 años de edad, de escolaridad 6to. primaria, tiene 5 hijos y 3 de ellos estan estudiando, él se dedic a la agricultura, siembra café y maíz, inició este negocio con las ganancias de un negocio que realizó, compro unas plantitas de café y hasta la fecha lleva 5 años de experiencia, cuenta con el apoyo de su esposa quien es ama de casa y lo ayuda en la agricultura.

Organiza un grupo y solicita un préstamo que lo utilizará para la compra de fertilizante para abonar y para que sus cosechas sean más abundantes,en el futuro prómimo desea tener más terreno para poder cultivar mas cosechas y obtenes mejores ganancias; los demás integrantes del grupo se dedican a sembrar maíz, café y frutas.

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

  • $5,300
    Average annual income
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $9,898,100
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD
Expired
A portion of Flor Del Durazno Group's $3,775 loan helped a member to buy fertilizer for coffee and corn.
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Expired:
Aug 5, 2013