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Union Y Vida Group
In this Group: María Angelina , Sandra Leticia, María Olga
The group “Union y Vida” (Union and Life) consists of three members who are originally from Sumpango. Most of these women engage in embroidery and weaving. Olga A. is the group representative and the mother of six children. She sells traditional clothing in the city and travels to another city every Friday to buy merchandise. The other members make embroidered blouses as well as woven sashes.


Olga needs to expand her business as a result of great demand, which is why she is requesting another loan. These women have had several loans with FAPE and repaid them successfully. The loan they requested will be used to buy clothing to expand Olga’s business as well as acquire more yarn for producing embroidered and woven clothing. They dream of having a store where customers can find them and they can grow their businesses.

View original language description ↓
El grupo de Union y Vida esta conformado por tres socias, ellas son originarias de Sumpango. La mayoria de señoras de dedican a bordar y tejer. La representante es Olga A., madre de 6 hijos, ella vende ropa tipíca en el municipio y todos los dias viernes viaja a otro municipio para comprar mercadería. Las otras dos integrantes se dedican a bordar blusas, asñi como también a tejer fajas, Olga necesita agrandar su negocio ya que ha tenido ucha demanda, por lo que solicitan otro c´redito, ellas han tenido varios cr´ditos con FAPE, y han pagado muy bien, con el dinero solicitado comprarán ropa para hacer crecer mas su negocio y también comprarán hilo para tejer y bordar mas ropa, ellas sueñan con tener un local propio en donde las busquen y asi mismo incrementar su negocio.

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.

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.

About Guatemala

  • $4,155
    Average annual income
  • 53
    View loans »
    Guatemala Loans Fundraising
  • $8,798,275
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Y Vida Group's $875 loan helped a member purchase merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2010
Listed
Jun 13, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011