La Hermosa Group
Update on La Hermosa GroupIngar Domenica is married. She is 33 years old and finished 6 years of primary education. She has 4 children who are students. She is dedicated to the production of pants and blouses. She began this business with a small sewing machine and now has 16 years of experience. She relies on the support of her husband who works in clothing sales.
Ingar organized a group to be able to request a loan, which will be used to buy cloth of different types since she wants to increase her production of pants and blouses. She hopes in the future to have a shop. The other members of the group are dedicated to services such as transportation, bricklaying, making aprons, blouses and skirts, teaching music and artisan crafts.
Organiza un grupo para poder solicitar un préstamo que los utilizara para la compra de telas de diferentes clase ya que quiere incrementar su producción de pantalones y blusas, espera en el futuro tener una maquila. Los demás integrantes del grupo se dedica a servicios de trasporte, albañilería, confección de delantales, blusas y faldas, maestro de música y a la artesanía.
Previous Loan DetailsSeñora Ingar Domenica is married. She is 32 years of age and finished 6 years of primary education. She has 4 children who are students. She is dedicated to the production of pants and blouses. She began this business with a small sewing machine and now has 15 years of experience. She relies... More from La Hermosa 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