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Alvaro Benjamin
Mr. Alvaro Benjamín Menchú Vásquez, a 38-year-old married man, currently lives on 8va. Calle 9-25 in zone 2 of Totonicapán. He has been in business for over 13 years, making jackets, güipiles (traditional Guatemalan dresses) and other traditional apparel in assorted styles and varieties. He sells his merchandise in Antigua Guatemala and Solóla. A few years ago, he visited the Asdir office to request a loan in order to increase his capital and stock up on merchandise. With his previous loan, his business was able to grow financially and develop in a different way. Upon noticing that both his business and his family’s standard of living have been improving on a daily basis, he once again feels the need to obtain another loan that will be invested in increasing his work capital and improving production. Because the town fair is approaching, he would like to be able to produce more and earn more profits for his own benefit. Furthermore, the end of the year is coming up, and with this loan he wants to display his work to the tourists who visit the country so that they can purchase our traditional clothing.
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El señor Alvaro Benjamín Menchú Vásquez de 38 años de edad, Casado actualmente reside en la 8va. Calle 9-25 de la zona 2, de Totonicapán. Hace más de trece (13) años viene trabajando de comerciante y elaborando chumpas, güipiles y otras prendas típicas con variedad de estilos y diseños. Entregando su producción en Antigua Guatemala y Solóla y hace unos años se acercó a las oficinas de Asdir para solicitar un crédito para implementar su capital y surtir su mercaderia con el credito anterior crecio economicamente y se desarrollo de otra manera con su negocio viendo que dia a dia va mejorando su negocio y su nivel de vida y de su familia hoy nueva mente se ve con la necesidad de otro credito que será invertido para ampliar su capital de trabajo y mejorar su producción, ya que se acerca la feria titular de nuestro pueblo para que el pueda producir más y así obtener buenas ganancias para el beneficio del mismo. Ya que también se acerca el fin de año y así con el crédito solicitado pueda exponer su trabajo a los turistas que visitan nuestro país y así ellos puedan ser acreedores de esta producción tan tradicional de nuestro país.

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
  • 62
    View loans »
    Guatemala Loans Fundraising
  • $8,798,275
    Funds lent in using Kiva
  • 7.5
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Alvaro Benjamin purchase supplies to make clothing.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 1, 2008
Listed
Sep 17, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2010