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Lorenzo
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Residing in Cantón Palanquix Guachiaquib in Nahualá, Sololá, he has for 2 year been working in his own business of buying and selling grinding stones. Previously he worked for other people and wasn't paid much, but currently, through his business he obtains the income to cover the food, clothing and school expenses for his four children. He has come to ASDIR to request a loan to increase his work capital and thus buy raw materials and tools. Later, he plans to create jobs for other people to cover the demand for his products and generate more income for the well-being of his family. These products are sold in the locale of Nahualá, in the capital city and in other nearby municipalities.

Translated from Spanish by Donald Allen, Kiva Volunteer.




Residente del Cantón Palanquix Guachiaquib, Nahualá, Sololá, desde hace dos años se dedica a su propio negocio o sea al Comercio “Compra y Venta de Piedras de Moler”, anteriormente trabajaba para otras personas y no era mucho lo que le pagaban, actualmente por medio de este negocio obtiene sus ingresos económicos para sufragar los gastos alimenticios, ropa de toda la toda la familia y estudio de sus cuatro hijos, esta persona acude a ASDIR para solicitar una ampliación de su capital de trabajo y así comprar materia prima y herramientas; luego piensa contratar o generar empleo a otras personas y poder cubrir la demanda de sus productos y generar mas ingresos o ganancias para el bienestar de su familia, estos productos son vendidos en la población de Nahualá, en la ciudad capital y en otros municipios cercanos .

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.

About Guatemala

  • $4,155
    Average annual income
  • 73
    View loans »
    Guatemala Loans Fundraising
  • $9,426,400
    Funds lent in using Kiva
  • 7.4
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Lorenzo increase in work capital for his business of purchase and sale of grinding stones.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 17, 2008
Listed
Sep 3, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010