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Las Ilusiones Group
In this Group: María Filomena, Amalia Fernanda, María Elena
The three members of the “Ilusiones” (Hopes) group are women who have worked hard their entire lives. Since a very early age they have woven items using waist looms and then were employed by weaving firms that use pedal looms to make coin purses and typical fabrics.

They became aware of the opportunities available as Omnilife products salespeople; they took training courses and now have set up their own business to sell these products. They have noted that profits are good and promotional opportunities exist.

This has necessitated their request for a loan to buy more merchandise. Each one of them has her own sales territory and has managed to secure several regular customers.

Their greatest wish is to have a prosperous life always for their children’s wellbeing.
View original language description ↓
Las tres integrantes de este grupo las Ilusiones, son mujeres que han trabajado muy duro toda su vida, desde pequeñas se dedican a la elaboración de tejidos de telar de cintura y luego se dedicaron a trabajar para propietarios de negocios de telar de pedal y costura de monederos y telas tipícas; pero se enteraron de las oportunidades que da la venta de productos de Omnilife, empezaron a participar en platicas y ahora ellas crearon su negocio de la venta de este producto han notado que se adquiere buenas ganacias y oportunidades de ganar promociones, y esto ha hecho que ellas tengan la necesidad de realizar un prestamo para comprar mas mercadería cda una tiene su sector de venta y han logrado tener ya varios clientes. Su mas grande deseo es tener una vida de prosperidad siempre y para bien de sus hijos.

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

  • $5,300
    Average annual income
  • 75
    View loans »
    Guatemala Loans Fundraising
  • $9,917,275
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Ilusiones Group's $750 loan helped a member to buy merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Aug 3, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011