Tejedoras De Mactzul I Group
She organized a group in order to request a loan that she’ll use to buy thread and fabric to increase the volume of her production. She hopes to continue enlarging blouse production and in the future have a space of her own in which to sell the blouses she makes. The other group members also work in crafts.
Organiza un grupo para poder solicitar un préstamo que lo utilizara para la compra de hilos y telas para mejorar el volumen de producción que realiza, espera seguir aumentando su producción de blusa, ya que en el futuro espera contar con un local propio para hacer la venta de su blusas que realiza. Las demás integrantes se dedican también a la artesanía.
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