Lucero De La Mañana Group
She has organized a group [named "Lucero de la Mañana" or "Morning Star" Group] with the goal of requesting a loan to increase her working capital. At this time, she would like to buy typical fabrics in order to continue producing more aprons to sell. The rest of the group members are engaged in various economic activities: clothing sales, food sales, a general store, sewing aprons and pants, sewing blouses, and animal husbandry.
In the future, Federica thinks that her business will be large and will include different products.
Organiza un grupo con el objetivo de solicitar un préstamo que servirá para ampliar su capital de produccion, en esta ocasión para la compra de telas típicas para seguir produciendo mas delantales y poder comercializarlos; las demás integrantes del grupo se dedican a diversas actividades económicas: venta de ropa, alimentos, atención a tienda en general, confección de delantales y pantalones, confección de blusas y a la cianza de aniamales. En el futuro creen que su negocio sera grande y con diferente productos.
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