Sector Los Chumil-Maíz Group
He works in agriculture, and fights to move forwards with his family. He says that he has made a living growing corn near his home for 20 years. He chose this type of activity because his parents taught it to him, and he is following on the tradition he inherited from them. Through his work, he is able to sell his crops and feed his family. His activity generates acceptable revenues and earnings to contribute to the family income.
The other group members will use the rest of the loan to grow corn, with the aim of boosting their earnings and offering their families a better quality of life. The loan will be used to buy organic compost for corn crops.
Martín's dream is to support his children in thier studies so that they have a better quality of life in the future.
El es un hombre que se dedica a la agricultura y que lucha por sacar adelante a su familia. Comenta que él se dedica a la siembra de maíz a unos metros de su vivienda desde hace 20 años.
Eligió este tipo de actividad porque sus padres le enseñaron y es por ello que sigue con la tradición que le heredaron. A través de de lo que realiza lo puede comercializar y alimentar a su familia. Esta actividad le genera ingresos y ganancias aceptables para contribuir a la economía de su familia.
Los demás integrantes del grupo utilizaran la otra parte del crédito para la siembra de maíz, con el fin de incrementar sus ganancias para brindarles una mejor calidad de vida a sus familias. El préstamo será utilizado para la compra de abono orgánico para el cultivo de maíz.
Su sueño es sacar adelante a sus hijos en los estudios para que tengan una mejor calidad de vida en un futuro.
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