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Xexac Group
In this Group: Francisca , Isabel , Juana , Manuela , Maria , Juan , Maria , Pabla , Nicolas
Francisca (shown on the far right in the photo) is 37, married, and lives in Sololá. She has three children: a daughter, who is a student and helps with the housework; and one son who works for himself, and another son who works part of the day in the fields and also studies in a local school. Francisca grows bananas and coffee on land two kilometers from her house. She learned the trade from her mother, as her father died when she was six, and her work added to her family's earnings.

Eventually she started her own plantings and has now been working independently for 15 years. She sells her crops in the local market, and since her earnings are good, she would like to invest more capital in her business. Francisca is a community leader. She managed to form a group to apply for a loan to increase her crops, buy fertilizer and more banana plants for the next sowing, and to pay the workers who prepare the land.

Her great dream is to buy another parcel to plant and have more income to keep helping her sons with their education and improving the family's finances. The other group members also grow bananas and coffee, which is one of the main sources of work in the region.
View original language description ↓
Francisca (la primera en la fotografía de derecha a izquierda) una mujer de 37 años de edad ella está casada y vive en Sololá. Ella tiene tres hijos de ellos una mujer quien estudia y apoya en los oficios del hogar y dos varones uno trabaja independiente y otro trabaja apoyando en el campo de la agricultura en la mitad del día y en la otra mitad estudia en una escuela de su comunidad.
Ella trabaja en el cultivo y mantenimiento de banano y café en una parcela que tiene a dos kilómetros de su vivienda. Aprendió este trabajo junto a su madre ya que sufrió el fallecimiento de su padre desde que tenía siete años de este modo fue como aprendió esta labor apoyando la economía de su familia.
Así fue como decide realizar su propio cultivo. Ahora cuenta con 15 años de experiencia trabajando independientemente. Ella vende su producto en el mercado local viendo que sus ganancias son buenas y quiere invertir más capital en su cultivo.
Doña Francisca es una mujer líder en su comunidad logrando organizar un grupo de personas y solicitan un préstamo para ampliar su cultivo comprando fertilizante, plantas de banano para próxima siembra y el pago a trabajadores que preparan la tierra en parcelas.
Su mayor sueño es que en un futuro pueda comprar otra parcela para ampliar sus cultivos obteniendo más ganancias para seguir apoyando a sus hijos en los estudios académicos y mejorar cada vez más la economía familiar. Los demás integrantes de este grupo se dedican a la misma actividad como es el cultivo y mantenimiento de banano y café que son una de las principales actividades de la región en la generación de empleo.

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.

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

  • $4,155
    Average annual income
  • 83
    View loans »
    Guatemala Loans Fundraising
  • $9,432,050
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Xexac Group's $6,225 loan helped a member to grow bananas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 28, 2014