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El Milagro Group
In this Group: Isabel María , Juana Tomasa , Prudencia Esperanza , Cristina Rebeca , Vilma Estela , Carmen Matilde , Dolores Isabel , Silveria Rosaria , Marta Noemi , Juana Angélica
Doña Isabel is 34 years old and completed the fifth graD.. She has three sons of different ages. Her oldest son is 18 years old and her youngest one is 12 years old. Isabel’s husband works as a mason while she helps with a few family expenses, especially the education of her children. Her oldest son is in his final year before earning his degree in Elementary Education.

Isabel engages in traD. and has eight years of experience. She has a store where she sells daily consumer products. Having enthusiasm and the desire to succeed, she decided to organize a group in order to apply for a loan. The Communal Bank is called “El Milagro” (The Miracle), a name that was selected by all of the members. The group consists of ten women who are involved in different business activities which incluD. raising animals, providing services, and selling daily consumer products and traditional clothing.

This loan will be used to increase the inventory of products for her business so that she can generate more income. With this she hopes to improve the living conditions for her family.

View original language description ↓
Doña Isabel, tiene treinta y cuatro años D. edad, curso el quinto grado primaria, tiene tres hijos varones D. diferentes edades el mayor D. dieciocho años y el mas pequeño D. doce años, su esposo se dedica a la albañilería y ella colabora con algunos gastos familiares y especialmente con los estudios D. sus hijos, ya que el mayor estudia el ultimo año D. su carrera D. Maestro D. Educación Primaria, se dedica al comercio, ella cuenta con una tienda D. consumo diario, ya que tiene 8 años D. experiencia en ésta actividad. Contando con entusiasmo, deseos D. superación, organizan un grupo, para poder solicitar un préstamo. El Banco Comunal se denomina EL MILAGRO, el nombre fue elegido por todas las integrantes. El grupo cuenta con 10 integrantes mujeres, quienes se dedican a diversas actividades entre ellos podemos mencionar, la crianza D. animales, servicios, venta D. artículos D. consumo diario y ropas típicas. El préstamo ella lo utilizará para incrementar los productos D. su negocio, así generar más ingresos, con lo cual espera mejorar las condicones D. vida D. su familia.

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.

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.

About Guatemala

  • $5,300
    Average annual income
  • 69
    View loans »
    Guatemala Loans Fundraising
  • $12,593,650
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of El Milagro Group's $1,825 loan helped a member operating capital to acquire more merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 20, 2010
Aug 25, 2010
Currency Exchange Loss:
Mar 24, 2011