Heidy Xiomara V. is a single mother who is 29 years old. She is in her second year of college. She has three children who are all in school. She sells clothing and has three years of experience doing this. She started as a traveling salesperson in her neighborhood. She dreams of having her own store, and this is why she decided to join with some friends to form a group to apply for loans which they will use for working capital. The members of this group have a variety of businesses such as: clothing sales, grilled meat sales, lotion sales, tortilla sales, and Mexican handicraft sales. They hope that with this loan they can improve their businesses, their revenues, and the quality of life for themselves and their families.
**Translator's note: The group's name is Barrio la Esperanza, which means Hope Neighborhood.
Heidy Xiomara V., es madre soltera tiene 29 años de edad, cursos el segundo basico de estudios, tiene 3 hijos, los cuales estan estudiando, se dedica a vender ropa, tiene 3 años de experiencia, empezo como vendedora ambulance en su vecindario, sueña tener un negocio con un local propio, por esta razon decidio reunir a algunas compañeras para formar un grupo con el fin de solicitar un prestamos, que lo utilizaran como capital de trabajo. Las integrantes de este grupo se dedican a diversas actividades como son: venta de ropa, venta de churrascos, venta de lociones, venta de tortillas y la venta de productos mexicanos. Esperan que con este prestamos mejorar su negocio, sus ingresos de ganancia, su condicion de vida y la 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.