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Monja Blanca Lancetillo Group
In this Group: Juana , Juana , Concepcion , Maria Maribel , Jesus , Francisco Javier , Vicente , Genoveva , Dolores , Anastacia , Olga Marina , Telma Ondina , Antonia
Concepcion is a married, 53 year old lady. She did not have the opportunity to go to school. She has 2 children and they are both studying in school. She makes her living growing cardamom. She started this business because her husband taught her the job. To date, she has 20 years of experience.

She organizes a group and she decided to apply for a loan that will be used to purchase supplies for the maintenance of cardamom. She hopes in the future to plant more cardamom in order to earn better profits. The other team members also make their living through the cultivation of cardamom. In the photo there are 19 people, but only 13 of them were granted the loan.
View original language description ↓
La señora Concepcion es casada, de edad 53 años, no tuvo la oportunidad de estudiar, tiene 2 hijos y los 2 estan estudiando, ella se decia a la agricultura a siembra de cardamomo, inició este negocio porque su esposo le enseño el trabajo y hasta la fecha lleva 20 años de experiencia.

Organiza un grupo y decide solicitar un préstamo que lo utilizará para la compra de insumos para el mantenimiento de cardamomo, desea en el futuro sembrar mas cardamomo pra obtener mejores ganancias. Los demás integrantes del grupo se dedican a la siembra de cardamomo. En la fotografia figuran 19 integrantes, pero, solamente a 13 e ellos se le concedio el préstamo.

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.

Tags

About Guatemala

  • $4,155
    Average annual income
  • 75
    View loans »
    Guatemala Loans Fundraising
  • $8,362,600
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Monja Blanca Lancetillo Group's $3,900 loan helped a member to purchase supplies for maintenance of Cardamom.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 15, 2013
Listed
Aug 3, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014