Pahaj Central Group
He is a hard worker who has been growing corn for 30 years. He has chosen this activity because it can feed his family for a year and he can sell the crop in the local community market.
He says that his parents taught him this work as a child, and through it, he has earned a passable income which helps cover household expenses.
Domingo's dream is to expand his crop to earn more income and thus provide a better quality of life for his family.
The other members of the group will use the rest of the loan to buy organic fertilize for growing corn, in order to increase profits and provide a better quality of life for their families.
El es un hombre trabajador que se ha dedicado al cultivo de maíz desde hace 30 años. El ha elegido esta actividad porque puede alimentar a su familia durante un año y lo puede comercializar en el mercado local de su comunidad.
Comenta que desde pequeño sus padres le enseñaron esta labor, ya que a través de lo que realiza obtiene ingresos y ganancias aceptables que le ayudan a cubrir los gastos de su familia.
Los demás integrantes del grupo utilizaran la otra parte del crédito para la siembra de maíz, con el fin de incrementar sus ganancias para brindarles una mejor calidad de vida a sus familias. El préstamo será utilizado para la compra de abono orgánico para el cultivo de maíz.
Su sueño es ampliar su cultivo para obtener más ingresos y así brindarle una mejor calidad de vida a su familia.
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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Success!! The loan was 100% repaid