Magdaleno describes himself as a hard-working person, and he says he wants to help his family get ahead. Magdaleno works two jobs. For the past ten years he has worked mornings as a mason. Eight years ago he also began working evenings as a fisherman. He says he enjoys fishing, and the income is good, which lets him help with his family’s expenses.
Magdaleno says he earns a good income because he has 18 years of experience in both jobs. He is requesting a loan of 9,000 GTQ to buy construction materials such as cement, gravel and iron bars to build his own home. He says his dream is to finish building his home so that he can give his family a better quality of life.
El es un hombre trabajador que desea sacar adelante a su familia. El se dedica a dos actividades la primera es la albañilería que desde hace 10 años viene ejerciendo esta labor la cual lo realiza por las mañanas, y por las noches se dedica a la pesca desde hace 8 años, esto lo realiza porque le gusta y además obtiene ingresos y ganancias buenas que le ayudan contribuir con los gastos de su familia.
El ahora cuenta con 18 años de experiencia en las labores que realiza, por lo que ha observado que le genera buenas ganancias es por ello que esta solicitado un préstamo de Q 9,000.00 para la compra de materiales de construcción como cemento, piedrín y hierro para poder construir su vivienda.
Su sueño es terminar de construir su vivienda para darle una mejor calidad de vida a su familia.
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 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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