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Marvin Eduardo
Marvin is 22 years old, married and living in Sololá. He has a four year old son. Marvin is an entrepreneur with a bakery, which has been the family's main income. He learned this trade from his family and learning to make bread gave him the chance to start his own business.

He now has five years experience with his business and serving his customers in the community. He earns an acceptable amount for his business to grow more.

With this in mind he is applying for a loan of 8500 Qetzal to buy supplies for making bread, offering better quality and more variety to the customers that prefer to buy from Marvin. This will allow the business to grow with better profits every day.

Marvin's biggest dream is to finish building his house so as to improve his family's living conditions.
View original language description ↓
Marvin es un joven de 22 años de edad, el está en unión simple con su esposa y vive en Sololá, el tiene un hijo varón de cuatro años de edad.
El es un emprendedor quien se dedica a la panadería la cual ha sido su principal fuente de ingresos familiares esto lo aprendió cuando trabajo con unos familiares aprendiendo a elaborar pan esto le dio lugar para hacer la apertura de su propio negocio.
Ahora el tiene cinco años de experiencia en este negocio y sirviéndole a sus clientes en la comunidad obteniendo ganancias aceptables para poder crecer más su negocio
De esta manera el solicita un préstamo Q 8,500.00 comprando materia prima para la elaborar pan ofreciendo mayor calidad y variedad a sus clientes quienes lo prefieren, así mismo seguir ampliando su panadería obteniendo mejores ganancias cada día.
Su mayor sueño es terminar de construir su hogar para mejorar las condiciones de vida de su familia.

Additional Information

More information about this loan

ADICLA's youth entrepreneurship loans allow young people without prior credit histories to borrow in groups, an opportunity that is not offered by many other microfinance institutions in Guatemala. The loans will be used to help them start small businesses.

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
  • 76
    View loans »
    Guatemala Loans Fundraising
  • $9,872,275
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Marvin Eduardo to buy materials for a bakery.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Feb 21, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013