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Pasac 1 Group
In this Group: Diego , Pascual , Miguel , Maria , Manuel , Noé López Guarchaj , Pascuala , Manuela , Daniel *
* not pictured
Miguel (third from right to left wearing a white shirt with black stripes) is a 51-year-old, married man living in Sololá. He has seven children. Three of them are girls that help with household chores and four are boys that help Miguel with the agricultural chores; one is married and works independently.

He works growing and caring for banana, coffee and maxan leaf (a leaf used in Guatemalan cooking to wrap food; see plants in photo background) crops. The care he provides for this leaf is natural and he uses organic fertilizer and practices that don’t damage nature which is a friendly way to treat the environment. He learned this work alongside his father because it’s one of the most common activities in the region.

He decided to grow his own crops and bought a parcel of land located three kilometers from his house; he now has 22 years’ experience working independently. He sells his crops in the local market and his profits are good. He wants to continue investing capital to expand crops.

He is a leader in his community and organized a group of people through which he’s requesting a loan to expand his crops buying organic fertilizer, maxan plants for the next planting cycle and to pay laborers to prepare the soil.

He dreams with being able in future to buy another parcel of land to continue expanding his crops and earn higher profits for his family’s economy. The other group members are also in this same activity growing and caring for maxan leaf crops which is one of the main employment-generating activities in the region.
View original language description ↓
Miguel (la tercera persona con playera de color blanco y rayas negras de derecha a izquierda de la fotografía) un hombre de 51 años de edad el está en casado y vive en Sololá. El tiene siete hijos de ellos tres mujer quien ayuda en los oficios del hogar y cuatro varones quienes tres de ellos trabajan ayudando a don Miguel en el campo de la agricultura y uno que está casado trabajando independientemente.
El se dedica al cultivo y al mantenimiento de banano, café y de la hoja de MAXAN (hoja que se utiliza en la cocina guatemalteca para empacar alimentos, ver fondo de la fotografía) la labor que le da a esta hoja es natural utilizando fertilizante orgánico y prácticas que no atentan la naturaleza esto le da lugar a ser amigable con el medio ambiente. Aprendió este trabajo junto a su padre porque es una de las actividades que más se realiza en la región.
De esta manara decide realizar su propio cultivo comprando una parcela a tres kilometro de su vivienda de este modo el tiene ahora 22 años de experiencia trabajando independientemente. El vende su producto en el mercado local viendo que su ganancia es buena y quiere seguir invirtiendo capital para ampliar su cultivo.
Es un hombre líder en su comunidad organizando un grupo de personas por la cual solicita un préstamo para ampliar su cultivo comprando fertilizante orgánico, plantas de de MAXAN para próxima siembra y el pago a trabajadores que preparan las parcelas.
El sueña que en un futuro pueda comprar otra parcela y seguir ampliando su cultivo y obtener más y mejores ganancias para la economía familiar. Los demás integrantes de este grupo se dedican a esta misma actividad cultivando y dándole el mantenimiento a la hoja de MAXÁN que es una de las principales actividades de la región en la generación de trabajo.

Additional Information

More information about this loan


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.

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.

About Guatemala

  • $5,300
    Average annual income
  • 95
    View loans »
    Guatemala Loans Fundraising
  • $9,959,450
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Pasac 1 Group's $4,825 loan helped a member to buy farm supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 12, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014