Eulalia is in a common law marriage, she is 23 years old and completed her 3rd year of secondary schooling. She has 2 children who are not yet studying. She makes her living buying and selling fruit and vegetables. She started this business with a small capital that she had saved up and to date has six years of experience in this field. She can count on the support of her husband who makes his living in sales.
Eulalia organizes a group to seek a loan that she will use to buy merchandise to expand her business. In the future, Eulalia hopes to have a well accredited area in the local market. The other members of the group make their living selling fruits and vegetables, domestic animals and clothes. In the photograph, there are 14 people but only 13 of them where given the loan.
La señora Eulalia esta unida de hecho, cuenta con 23 años de edad, de escolaridad 3ro. primaria, tiene 2 hijos que aun no estudian, se dedica a la compra y venta de frutas y verdras, inició este negocio con un pequeño capital que tenia ahorrado y hasta la fecha lleva 6 años de expericneica, cuenta con el apoyo de su esposo quien se dedica al comercio.
Organiza un grupo para poder solitar un préstamo que lo utilizará para la compra de mercadería para apmpliar su negocio, espera en el futuro contar con un local bien acreditado en el mercado de la localidad. Los demás integrantes del grupo se dedican la venta de verduras y frutas, venta de animales domésticos y venta de ropa. En la fotogafía se incluyen 14 personas pero solamente a 13 de ellos se les concedió el préstamo.
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.