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Buena Esperanza Group
In this Group: Maria Lyria , Micaela , Francisca , Noelia Maria , Magdalena
Maria Lyria is 37 years old and is a single mother. She finished her high school education and has 3 children, 2 of whom are studying. She has a restaurant and works there all day. She started the business with her mother's help and has been doing this for 12 years.

Maria Lyria is the organizer of a group and she is asking for a loan which she will use to buy supplies for preparing food. In the future she would like to have a well established premises in the centre of town.

The other members of the group earn a living selling food and making tortillas.
View original language description ↓
La señora Maria Lyria es Madre Soltera. De 37 años de edad. Escolaridad secundaria completa. Tiene 3 hijos y de ellos 2 estan estudiando. Tiene un Comedor y ella lo atiende todo el día, inició este negocio con la ayuda de su madre y a la fecha lleva 12 años de experiencia.

Organiza un grupo y solicita un préstamo que lo utilizará para la compra de insumos para la preparación de alimentos. Desea en el futuro tener un local bien establecido en el centro del municipio.

Las demás integrantes del grupo se dedican a la venta de comida y tortillería.

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
  • 53
    View loans »
    Guatemala Loans Fundraising
  • $8,798,275
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Buena Esperanza Group's $1,900 loan helped a member to buy supplies for preparing food.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 2, 2015