María Angelica is 30 years old and is married. She has education up to second grade of primary school. She has 5 children and 3 of them are at school. María Angelica earns a living making baskets. She started her business with a small amount of capital which her mother gave her and has had the business for 10 years. She is the organizer of a group and is asking for a loan which she will use to buy thread for making the baskets. In the future she would like to have more capital and a store to sell the baskets.
The other members of the group earn a living selling clothing, doing embroidery and making baskets.
One of the members was unable to attend the meeting when the photo was taken.
La señora María Angelica es casada. Cuenta con 30 años de edad. De escolaridad 2do. primaria. Tiene 5 hijos y de ellos 3 estan estudiando. Se dedica a la fabricación de canastos. Inició este negocio con un pequeño capital que le concedío su madre y a la fecha lleva 10 años de experiencia.
Organiza un grupo y solicita un préstamo que lo utilizará para comprar hilo para la fabricacion de canastos. Desea en el futuro tener mas capital de trabajo y un almacen de venta de canastos.
Las demás integrantes del grupo se dedican a la venta de ropa, elaboracion de bordados y canastas.
Una de las socias no pudo asistir a la reunion cuando tomaron la foto.
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.