Aldea Nimasac Group
This Communal Bank is called “Aldea Nimasac”, a name selected by all of the members which happens to be the name of their neighborhood. The group consists of twelve women who are engaged in different business activities such as raising animals, making candles, manufacturing traditional clothing, and selling daily consumer goods. Isabel will use her loan to buy pigs and chickens so that she can increase her production and generate more income. Her greatest wish is to grow her business, but due to a lack of capital, she is not able to do so. With this loan, she believes she will be able to accomplish her goals.
About Asociación ASDIRASDIR (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.
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Success!! The loan was 100% repaid