San Antonio Group
Update on San Antonio GroupMaria is single, 23 years old, and did not have the opportunity to study. She makes a living making handicrafts, specifically sewing and embroidery of blouses. She began this business as an employee and now has 6 years of experience.
Maria organized a group to be able to apply for a loan, which she will use to buy materials to make more blouses and recover her investment with the profits she makes. In the future she hopes to employ workers for her business.
The other members make their livings raising animals, doing embroidery, domestic work and farming.
Organiza un grupo para poder solicitar un préstamo que lo utilizara para la compra de materiales para producción mas blusas y poder recuperar su inversión con las ganancias que obtenga, espera el el futuro tener operarias para su negocio. Las demás integrantes se dedican a la crianza de animales, al bordado, trabajo domésticos y a la agricultura.
Previous Loan DetailsCrecencia Margarita is married, 39 years old, and completed 3 years of elementary school. She has 3 children, 1 of whom is in school. She dedicates herself to handicrafts, making embroidered blouses. She started her business sewing blouses and now has 6 years of experience with the embroidery.... More from San Antonio 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