Pochol Al Vencimiento Group
Now she has decided to form a group with the purpose of improving the economy of their families through the labor they do. They will utilize the loan for the purchase of agricultural supplies and other materials that will serve for the cultivation of maxan.
The biggest dream of Maria is to generate more revenue so that in the future her family lacks nothing.
Maria comenta que desde hace 5 años se dedica al cultivo y venta de maxan, esta labor lo realiza en un terreno que tiene. Eligió esta actividad porque es productiva y rentable, a través de lo que realiza obtiene un ingreso que le ayuda a cubrir las necesidades de su familia.
Ahora ella ha decidido formar un grupo con el propósito de mejorar la economía de sus familias a través de la labor que realizan. El préstamo lo utilizaran para la compra de insumos agrícolas y otros materiales que servirá para el cultivo de maxan.
El sueño más grande de doña Maria es generar más ganancias, para que en un futuro a su familia no le falte nada.
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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This loan has been fully funded!