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Miguel Francisco
Miguel, age 45, is a merchant and a builder. He lives in Sololá with his wife and their three children. The two girls, ages 23 and 19, have graduated from secondary school and now help him in his business. His son, age 17, works with an uncle doing metal work.

Due to the unemployment situation in the country, he and his daughters decided to undertake a business. They did this four months ago by opening a shoe store in the market where he lives. He and his daughters see the demand there is for selling shoes.

They need to continue investing in more merchandise and to have better income for the family. They now need a loan for 8,000 quetzales in order to buy more shoes and better shoes.

In the future he dreams of being able to give his daughters a university education. They have the motivation to get ahead.
View original language description ↓
Miguel es un hombre comerciante y constructor de 45 años de edad. El vive en Sololá con su esposa y sus tres hijos. Dos son mujeres una de 23 y la otra de 19 años quienes ya lograron graduarse de sus estudios académicos del nivel medio y ahora lo ayudan en su negocio y un hombre de 17 años que trabaja con un tío realizando trabajos en metal.
Por la situación del des empleo que se vive en el país el con sus hijas deciden emprender un negocio aperturando una zapatería en el mercado de su residencia desde hace 4 meses.
El y sus hijas ven la demanda que se tiene por la venta de calzado necesitan seguir invirtiendo en mas mercadería y tener mejores ingresos para la familia. Ahora ellos necesitan un capital sobre un préstamo de Q 8,000.00 para comprar más y mejores calzados.
En el futuro el sueña poder darle los estudios universitarios a sus hijas ya que ellas tienen el animo de salir a delante.

Additional Information

About ADICLA

ADICLA (Association for the Holistic Development of the Basin of Lake Atitlán) is nonprofit rural community development association that provides small loans and services to improve quality of life in two of the poorest regions of Guatemala, home to large indigenous populations. Kiva funding will be used to support three innovative credit initiatives: youth business loans, green loans, and smaller loans to help ADICLA move down-market and serve poorer clients.

About Guatemala

  • $4,155
    Average annual income
  • 64
    View loans »
    Guatemala Loans Fundraising
  • $8,756,975
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Miguel Francisco to buy shoes in order to expand his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013