Los Aguacatales Group
He is a kind and hardworking man who works as a farmer growing corn. He has been working as a farmer for 20 years, an occupation that is very important to him as it is how he ensures he can provide for his family. He sells his surplus harvest in the local markets, which generates additional income for covering household expenses such as clothing and education for his children. The other members of the group will use this loan to purchase organic fertilizer to maintain their corn crop and thus the quality and yield of their harvest.
Mario's goal is to remodel his home and provide for the education of his children.
El es un hombre trabajador y amable, se dedica a la agricultura y específicamente a la producción de maíz. Tiene 20 años de estar realizando esta actividad, la cual es una actividad de mucha importancia para él debido a que a través de la misma asegura la alimentación de su familia y el excedentes de producción lo vende en el mercado local, lo que a la vez le genera ingresos para cubrir otras necesidades como ropa y educación de sus hijos.
Los demás integrantes del grupo utilizarán este crédito para la compra de abono orgánico para el mantenimiento de maíz, con el propósito de mejorar la calidad y cantidad de producción.
El sueño de Mario es remodelar su vivienda y también brindarle educación a sus hijos.
More information about this loan
About ADICLAADICLA (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.
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