La Cruz Group
Herlinda is organising a group and applying for a loan, which will be used to buy threads in order to produce her knitted products. In the future Herlinda wants to to be able to count on having a lot of working capital, and wants to have employees.
The other members of the group make a living in knitting and making artisan products.
There are 14 people in the photograph but only ten are taking out a loan on this occasion, because the others did not meet the requirements.
Organiza un grupo y solicita un préstamo que lo utilizará para la compra de hilos para poder elaborar sus tejidos. Desea en el futuro contar con un gran capital de trabajo y desea tener empleados.
Las demás intgrantes del grupo se dedican a tejeduría y artesanias.
En la fotografía aparecen 14 personas, pero, solo a 10 de ellas se les concedió el préstamo, porque las otras no llenaron los requisitos.
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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