The "Heart of Jesus" group of women are natives of the community in the district of Cojxac in the Department of Totonicapan. They have been working for the last five years in the manufacture of plastic containers, the product which they sell in the department of Huehuetenango and Mazatenango. The "Heart of Jesus" group visited various organisations looking for credit, which they were refused because the conditions were too demanding. Then, they heard an announcement on the radio that Asdir Association was giving out group credits and so they visited us so we could help them with a loan, which would permit them to increase their work capital and to stock-up their merchandise for the Easter period. With the income they obtain, this will permit every member of the group to ensure the well-being of the family members.
El grupo de mujeres con el nombre de Corazón de Jesús dicho grupo es originario de la comunidad del cantón Cojxac del Departamento de Totonicapán ellas vienen trabajdo desde hace cinco años en la elaboracion de canastas de plasticos, dicho producto lo vende en el departamento de Huehuetenanfo y Mazatenango, el grupo corazon de Jesús a visitado varias entidades en solicitar un credito la cual se le ha denegado porque los requisitos son demasiados, ella escucharon un anuncio por la radio que en la Asociación Asdir dan creditos Grupales y ello nos visita para poderlos ayudar con un credito, que con ello le permiteria aumentar su capital de trabajo y poder surtir su mercaderia, para las epocas de semana Santa, y con los ingresos que obtiene le permite a cada una de las integrantes del grupo llevar bienestar a los miembros de su familia.
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.