Josefina is 42 years old, she is married, and she has nine children. She is a vendor that sells kitchen ware in the market of Totonicapan. She has twenty five years experience in the business. She is a member and the leader of her community bank. The community bank is maD. up of ten members, each wishing to supplement their working capital and to add variety to the products they sell. They grouped together as neighbors that know each other and trust each other. The members of the group carry out various businesses, such as tailoring, sales of traditional clothing, bakery etc. Their dream is to increase their sales and to improve the living conditions for their family.
Josefina tiene 42 años, es casada, comerciante con nueve hijos, se dedica a la venta D. trastos en el Mercado D. Totonicapán, tiene veinticinco años D. contar con el negocio. Integrante y Presidenta del Banco Comunal, el cual es integrado por diez socias, quiene quierewn ampliar su capital D. trabajo para surtir sus productos. Se organizan con las vecinas a quienes conocen y confían, en el grupo se dedican a multiples actividades, que podemos mencionar, la Sastreria, Venta D. ropa típica, Panadería, etc. Lo que sueñan es incrementar el volume D. ventas y mejorar sus condiciones D. vida y la D. la familia D. cada integrante D. este grupo.
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.