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Luis
Luis is a 52-year-old, married man living in Sololá. He has seven children, five boys who work with him and two girls who do domestic chores. He’s a kind, hardworking man who manufactures traditional articles of clothing worn by indigenous women in the region.

With help from his children they support one another in this activity using the main work tools that’s called ‘telar’ (loom) where the yarn is placed to then make the clothes. He started this work 24 years ago when he noted that there were few manufacturers of this type of clothing and that its market price remains stable which means good profits and improved family economy.

He’s noticed that demand for these clothes has increased this season and he wants to invest capital in more raw materials. He’s thus asking for a 6,500 quetzal loan to buy wool yarn to manufacture a larger amount of clothes and earn higher profits.

His dream is to own a piece of land because he wants to build his children a house as well as give them the necessary support for their academic studies.
View original language description ↓
Don Luis es un hombre de 52 años de edad el esta casado y vive en Sololá. Tiene 7 hijos de ellos 5 varones que trabajan con el y 2 mujeres que realizan oficios domésticos.
Es un hombre amable y sobre todo trabajador, el se dedica a fabricar prendas de vestir típicos que se utilizan la mujer indígenas de su región.
Junto a sus hijos se apoyan para realizar esta actividad usando como principal herramienta llamado (telar) donde coloca el hilo para luego realizar estas prendas. El inicio este trabajo hace 24 años atrás cuando se dio cuenta que eran pocos los fabricantes de este tipo de prendas y que mantienen precios buenos en el mercado, de esa manera obtener buenas ganancias y mejorar la economía de su familia.
Por la temporada del año ha visto que esta prenda tiene mejor demanda de esta manera desea invertir mas capital en su materia prima. De esta manera solicita un préstamo de Q 6,500.00 para comprar hilo tipo lana para fabricar mayor cantidad de prendas y tener mejores ganancias.
Tener un terreno mas es su sueño ya que quiere construirles una vivienda a sus hijos como también darles el apoyo necesario en los estudios académicos.

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

  • $5,300
    Average annual income
  • 75
    View loans »
    Guatemala Loans Fundraising
  • $9,883,175
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Luis to buy wool yarn to manufacture traditional women's clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 18, 2013