Pasac Ii Group
Manuel needs a loan to maintain his maxán crop. [Maxán leaves are used to wrap tamales.] He has been dedicated to this agricultural activity for 32 years, learning everything from his father. Manual’s dream for the future and with the income from the sale of maxán is to build two houses for his children and to live in better conditions.
Manual realizes that it is better to be in an organized group in order to sell his products at a better price.
Manuel se dio cuenta que es mejor organizarse en grupo para poder vender a un mejor precio sus productos.
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