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Chuisanto 2 Group
In this Group: Mariano, Julio, Jesus
Julio (in the center of the photograph) is 36, married and lives with his three children in Santa Catarina Ixtahuacán, Sololá. He says, with much cheerfulness, that he grows wild bananas which is a product in very high demand in his community, so he earns a good profit. He learned the trade from his parents 30 years ago and it is something he enjoys doing. He is able to earn a good income and profit to contribute to the family economy.

He has been in this activity since he was very young and now has more expertise in this area, so decided to form a communal bank in order to diversify the products he sells and help earn more income for the families of the group members. The loan will be used to buy supplies for banana maintenance.

His dream is to diversify production by planting 0.722 hectares of coffee.
View original language description ↓
Julio (al centro de la fotografía) es un señor casado, de 36 años de edad, vive junto a sus tres hijos, en Santa Catarina Ixtahuacán, Sololá.
Julio expresa con mucha alegría que se dedica a la venta de banano silvestre, que es un producto muy demandado en su comunidad y por lo mismo su comercialización es rentable. Esta labor la aprendió de sus padres hace 30 años; además es algo que le gusta hacer y es el medio de donde obtiene buenos ingresos y ganancias que le ayudan a contribuir con la economía de su familia.
Ella ha venido realizando esta actividad desde muy joven, y ahora ha adquirido más conocimiento en esta área, así que tomo la decisión de formar un grupo con el objetivo de diversificar sus productos en el mercado y de esta manera obtener un ingreso para mejorar la economía de las familias de los integrantes de su grupo. El préstamo lo utilizaran para la compra de insumos para el mantenimiento de banano.
Su sueño es diversificar su producción sembrando 10 cuerdas ( 0.722 hectáreas) de café.

Additional Information

More information about this loan


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.

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About Guatemala

  • $5,300
    Average annual income
  • 91
    View loans »
    Guatemala Loans Fundraising
  • $9,647,375
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Chuisanto 2 Group's $1,750 loan helped a member to buy supplies for his banana crop maintenance.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 17, 2014
Listed
Mar 28, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015