Antonia makes a living growing and selling bananas in her home community. She learned this trade from her family who, many years ago, did this work. This work generates the necessary income for Antonia to give her family everything that they need. Antonia has been doing this work for over 15 years.
Antonia decided to organise a loan group in order for the members to help each other and improve their lifestyles. Antonia will use this loan in order to buy supplies (fertiliser) and to pay labourers, in order to look after her banana plantations.
Antonia's biggest dream is to buy more land and increase her banana crops.
Ella se dedica a la producción y venta de banano, lo cual lo realiza en la comunidad donde vive; esta actividad la aprendió de su familia, quienes se dedican a lo mismo desde muchos años atrás. Esta labor le generan a ella los ingresos necesarios que le permiten darle lo necesario a su familia. Tiene más de 15 años de experiencia en esta actividad.
Ella decidió organizar un grupo con el objetivo de ayudarse mutuamente con su compañeras y asi mejorar sus niveles de vida. Utilizará el préstamo para la compra de insumos (fertilizante y pago de mano de obra) para mantenimiento de las plantaciones de banano.
El sueño más importante de doña Antonia es comprar más terrenos y asi incrementar sus plantaciones de banano.
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