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Chichicastecos Group
In this Group: Juan Carlos, Juan, Manuela , María
Juan Carlos is a single 25-year-old man, he lives together with his parents and brothers in the department of Sololá. He is next to the first member of the group, on the right-hand side of the photograph. He is a person who loves living life, learning new things every day. He is currently making his living selling bowls (soup tureens manufactured in the neighborhood). He chose this activity because his mother made her living in this area, and it was in this manner that he has been acquiring knowledge of this field for the last five years. He has been able to help his family with the household expenditure through the turnover and profits that his work creates.

He has now realized that the work he is performing is reasonably profitable, which is why he made the decision to form a group, in when they can perform a variety of activities with the aim of improving their families' finances. The loan that they will use is to buy cooking utensils and other materials to offer their customers a better service.

His greatest dream is to have premises where he can grow the business with different cooking utensils and therein improve his family's living conditions.
View original language description ↓
Juan Carlos es un hombre soltero de 25 años de edad, vive junto a sus padres y hermanos en el Departamento de Sololá. El se encuentra a la par del primer integrante, del lado derecho en la fotografía.
El es una persona que le gusta vivir la vida, aprendiendo nuevas cosas cada día. Actualmente se dedica a la venta de escudillas (soperas fabricado con barro). Eligió esta actividad porque su madre se dedicaba a lo mismo, y es como de esta manera el fue adquiriendo conocimiento en esta labor desde hace cinco años, el ha podido ayudar a su familia con los gastos de su casa por medio de los ingresos y ganancias que le genera su trabajo.
Ahora se ha dado cuenta que la labor que realiza es bastante rentable, por lo que ha tomado la decisión de formar un grupo, en la cual puedan realizar diversas actividades con el fin de mejorar la economía de sus familias. El préstamo lo utilizaran para la compra de utensilios de cocina y otros materiales, para poder ofrecerles un mejor servicio a sus clientes.
Su mayor sueño es tener un local en donde pueda incrementar su negocio con distintos utensilios de cocina y así mejorar las condiciones de vida de su familia.

Additional Information

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.

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.

Tags

About Guatemala

  • $5,300
    Average annual income
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $9,898,100
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Chichicastecos Group's $1,500 loan helped a member to buy cooking utensils and other materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2014
Listed
Feb 23, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2015