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Francisco
Francisco is a young man of 27 years of age. He's single and lives in Sololá with his mother and his 5 siblings (3 brothers and 2 sisters). He currently weaves traditional garments, which are clothing worn by the women in the village where he lives. He sells his products in the market of Sololá, and that's how he earns acceptable profits which help him to contribute to his family's finances. He has 8 years' worth of experience in this line of work, which he learned from some of his friends. Over time, he has gradually acquired all the tools he needs to do this work. He requests a loan of 3000 quetzal in order to purchase supplies for making traditional garments. One of his dreams is to buy an industrial machine which helps him to deliver the completed products faster and with higher quality to his customers.
View original language description ↓
Francisco es un joven de 27 años, quien es soltero y vive en Sololá junto a su madre, y sus 5 hermanos (3 hombres y 2 mujeres). El actualmente elabora cortes típicos que son prendas que las mujeres utilizan en la comunidad donde vive. Los productos los vende en el mercado de Sololá, con ello genera ingresos aceptables que le ayudan a aportar a la economía familiar. El tiene una experiencia de 8 años en esta labor, la cual la aprendió a través de unos amigos. Con el paso del tiempo el ha comprado poco a poco todas las herramientas necesarias para hacer este trabajo; El solicita un préstamo de Q, 3,000.00 para la compra de materia prima para la elaboración de cortes típicos. Unos de sus sueños es comprar una máquina industrial que le ayude a entregar los productos completos en menor tiempo y con mayor calidad a sus clientes.

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

  • $4,155
    Average annual income
  • 68
    View loans »
    Guatemala Loans Fundraising
  • $9,064,775
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Francisco to purchase supplies for making traditional garments.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014