Margaritas Dos Group
Update on Margaritas Dos GroupGloria Modesta is 38 years old and married. She has a third grade education and has one daughter. [Gloria] runs a general store and began this business as a mini-store. She has six years’ experience.
She organizes a group so that they can request loans and she will use this one to buy inventory such as juices, cereals, soft drinks, snacks, milk, sausages, etc. for her store. The other members raise livestock, make clothing, and run stores. She hopes to open a grocery store in the future.
Organiza un grupo para poder solicitar un préstamo que le servirá para la compra de productos para venta en la tienda, jugos, cereales, aguas gaseosas, golosinas, leche, embutidos, etc. Las demás integrantes se dedica a la crianza de animales, confección de prendas, y a la atención de tienda de consumo diario, espera en el futuro tener una abarrotería.
Previous Loan DetailsIsabel is 53 years old and married. She did not have the opportunity to attend school. She has seven children, three of whom are in school. Isabel's business is raising pigs. She started out raising hens and now she has ten years experience raising animals. She has the support of her husband... More from Margaritas Dos Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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