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Chocaman Group
In this Group: Santiaga, Carmelita, Maria Magdalena, Obispo, Jose Nicolas, Martina, Hugo
Mrs. Santiaga, 52, is married and sells all kinds and sizes of clothing. She was unable to get an education, and set up her street vendor activity 20 years ago. She decided to organize a group to apply for loans which she will use to buy new clothing merchandise such as scarves, stockings, sweaters, and caps, among other types of clothing. The other members of the group are in commerce and domestic animal farming. In the future they would like to establish their businesses in shopping areas.
View original language description ↓
La señora Santiaga es casada, tiene 52 años D. edad, se dedica al comercio a la venta D. ropas D. todo tipo y tamaño, no tuvo la oportunidad D. estudiar, el negocio que tiene inició siendo vendedor ambulante, lleva hasta el momentos 20 años D. experiencia.

DeciD. organizar un grupo para pedir y solicitar un préstamo, que lo utilizaran para la compra D. mercadería para la venta, ya que se dedica a la venta D. ropa nueva, van a comprar bufandas, medias, calcetines, chumpas, gorras, y entre otros tipos D. ropa. Los demás integrantes del grupo se dedican la mayoria al comercio, y los demás a la crianza d animales domésticos. En el futuro desean tener su negocio con locales comerciales.

Additional Information

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.

About Guatemala

  • $5,300
    Average annual income
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $12,593,650
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Chocaman Group's $1,900 loan helped a member to buy merchandise.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
May 25, 2011
Jun 24, 2011
Currency Exchange Loss:
May 15, 2012