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Ricardo
Ricardo R. T. is 32 years old, married, and has three children. His two older children attend school while his youngest child is only two years old.


His wife helps to sell sweaters that he manufactures, but he also buys sweaters to sell. Don Ricardo sells his merchandise at the market in Tecpán to different customers on the days the market is open. This loan will be used to buy raw materials and a sewing machine. His dream is to increase his sales and enlarge his business so that he can improve life for himself and his family.

View original language description ↓
Ricardo R. T., es casado, tiene 32 años de edad y tres hijos. Los dos mayores van a la escuela, el mas pequeño tiene dos años de edad.
Su esposa le ayuda con la venta de suéteres, su negocio es una fábrica de suéteres y al mismo tiempo, compra y vende suéteres. Don Ricardo vende su mercadería en el mercado de Tecpán a diferentes clientes los días de mercado.
El préstamo lo solicita para comprar materia prima y una máquina de cocer. Su sueño es incrementar sus ventas y tener un negocio más grande para mejorar su vida y la de su familia.

Additional Information

About FAPE

FAPE, the Foundation for the Assistance of Small Businesses, is a nonprofit, socially-minded institution that provides loans to micro-entrepreneurs across Guatemala.

About Guatemala

  • $4,155
    Average annual income
  • 82
    View loans »
    Guatemala Loans Fundraising
  • $9,432,050
    Funds lent in using Kiva
  • 8.2
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Ricardo purchase equipment and materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Feb 18, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010