Celia Ernestina's Group
Olga Esther makes a living selling tortillas. She started this business with very little capital and now has five years of experience. She has the support of her husband, who works as a bricklayer.
She's organizing a group and requesting a loan to buy corn to sell tortillas. She wants her business to grow in the future and to have other stalls to sell tortillas.
The other members of the group work selling food and in commerce.
Organiza un grupo y solicita un préstamo que lo utilizará parala compra de maíz para vender tortillas, inició este negocio con poco capital y hasta el momento lleva 5 años de experiencia, desea en el futuro que su negocio crezca y tener otros puestos para vender tortillas. Las demás integrantes del grupo se dedican a venta de comida y al comercio.
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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