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Marcos

Update on Marcos

Marcos is 41 years old. He is married and has four children, 3 boys and one girl. They all live in the department of Solola. He makes a living growing and selling vegetables, especially onions. It is a profitable business in the city where he lives because he is able to sell his crops at a central market in Guatemala City. He chose this career because it makes enough money in the short term to support his family. He is asking for a loan of $1,300 to help him sell his product to a wider market. His dream is to be able to build a large bedroom for his children.
View original language description ↓
Marcos es una persona de 41 años de edad, Unido, quien tiene cuatro hijos, tres varones y una mujer quienes viven en el departamento de Sololá.El se dedica a la producción y comercialización de hortalizas de ciclo corto en especial el cultivo de cebolla, es una actividad muy rentable en el municipio donde vive, la venta lo realiza en la central de mayoreo en la ciudad de Guatemala, eligió esta actividad debido a que se obtiene ganancias a corto plazo y con esto ayudar al sostenimiento de su familia. El está solicitando un préstamo de Q 10,000.00 para comercializar su producción a nivel nacional.El sueño que tiene es construir una habitación amplia para sus hijos

Previous Loan Details

Marcos is a 39-year-old farmer who lives in Sololá with his wife and their 5 children: two of them are adult boys who help him with his activity, the other two boys are younger and go to school, while their daughter has special needs and they all care for her. He plants corn and green onions, se... More from Marcos's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Guatemala

  • $4,155
    Average annual income
  • 62
    View loans »
    Guatemala Loans Fundraising
  • $8,830,375
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,300 helped Marcos purchase and sell vegetables, especially onions.
51% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible