Las Estrellas Group
Iris expresses pride in the fact that her activity is raising and selling corn (the basic food in Guatemala), a product much in demand in her community. Moreover, her sales are profitable. The work permits her to obtain a good income and these earnings enable her to contribute to the family economy.
Iris has continuously carried out this activity from a very young age, and as a result, she has acquired more knowledge in this area. The result is her decision to form a group with the objective of diversifying their products in the marketplace and, in this manner, obtaining better incomes to improve the family economy of group members. The loan will be utilized to purchase inputs for the cultivation and maintenance of their corn crops.
Iris' dream is to be able to help her children to have a better quality of life.
Iris expresa muy orgullosa que la actividad que realiza es el cultivo y venta de maíz (base de la alimentación en Guatemala), que es un producto muy demandado en su comunidad y por lo mismo su comercialización es rentable. Esta labor le permite obtener buenos ingresos y ganancias que le ayudan a colaborar 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 y cultivo de maíz.
Su sueño es poder apoyar a sus hijos a tener una mejor calidad de vida.
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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