Jorge Rolando is seeking a loan for Q. 5,000 to purchase a variety of products (items for gifts, weddings, birthdays) for his store. He states that having a better stocked store will generate greater earnings and allow him to better serve his customers. Jorge Rolando's dream is to build his own home.
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ADICLA's youth entrepreneurship loans allow young people without prior credit histories to borrow in groups, an opportunity that is not offered by many other microfinance institutions in Guatemala. The loans will be used to help them start small businesses.
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.
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