Durazno 1 Group
Ana is 53 years old, she is from the Ethnicity Ixil Maya. She suffered great problems, limitations and risks during the war in Guatemala, which forced her to run away from their village with her family. Ana is mother of 7 children, two of them died in the mountain during the war due to a very poor diet.
Through the credit she hope to reach her expectations to give a better future to her family. She will use the credit to purchase wicker and manufacture baskets. Her loan is of Q 2,400 ($ 306.12), she expects to get a monthly income of Q 600 ($76.53).
She considers that the credit is a great opportunity, given the scarce opportunities available to her and the community to improve their lives.
About Asociacion Chajulense de Mujeres:Asociacion Chajulense de Mujeres is a nonprofit organization that serves women of the Ixil and K’iche’ Maya communities in the Quiche region of Guatemala. The nonprofit commercializes the artisanal products created by the members of the organization, and provides a credit and savings program, life insurance policy and investment opportunities for its members.
Kiva’s partnership will allow ACM to expand its credit program, support more women in need and provide a greater number of opportunities to individuals 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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Success!! The loan was 100% repaid