Santos Paulina is married and she has six children. She is 37 years of age and she sells crochet crafts as a business (traditional doilies). This business has helped her support herself and it has helped her cover the family's expenses. She has 15 years' experience. She would like to expand her working capital to be able to purchase materials in large quantities, to increase the amount of products she can create. She and eleven other women have organized themselves into a group named "Source of Living Water" and they have requested a loan from ASDIR (Kiva Field Partner). This will help Paulina to keep moving forward in the attainment of her goals. Her dream is to export her products to an international market.
Santos Paulina es casada tiene seis hijos, con 37 años de edad, se dedica a la Tejeduría, (elaboración de Servilletas Típicos). Este negocio la ha ayudado a salir adelante y poder sufragar sus gastos familiares, cuenta con 15 años de experiencia. Por lo que quieren ampliar su capital para poder comprar materia prima en cantidad y poder incrementar las ventas. Ella y otras once señoras deciden lo mismo y se organizan para solicitar financiamiento en la Asociación ASDIR por medio del Banco Comunal "Fuente de Agua Viva". Esto ayudará a Paulina a seguir adelante y poco a poco ir logrando sus sueños que es lograr exportar su mercadería hacia el exterio de este país.
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.