Flor Bella Vista Group
She sells food typical of the region since the place where she lives is a tourist destination and is visited by a lot of local as well as international people. With the income she earns she supports and helps her husband with the family expenses.
She is applying for a loan to invest in the purchase of kitchen utensils and materials for food production. She realized that organizing themselves as a group really facilitates things.
With her earnings, Carmelita aims to help her children to study and prepare themselves academically and also improve the quality of life.
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