Grupo Xojolá Group
Her primary job is agriculture, which her parents taught her, principally the process of banana production. The fruit is sold at a regional level, the most part of the earnings are made in the commercialization which helps sustain her family, which is why they formed a group - to be able to support each other and to be able to sell a greater volume of the production.
Julia is asking for a loan to be able to buy supplies for maintaining the banana plantation, and with this achieve her dream of being able to build her own home.
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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Success!! The loan was 100% repaid