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Flores De Las Lomas Group
In this Group: Rafaela , Ruth Elvira , Maria
The Las Flores de Loma Alta (Flowers of Loma Alta) has three members. They are married women with children from the location.

They grow a variety of flowers common to this country, like roses, chrysanthemums, daisies, gerberas and gladioli, to sell. They want to continue investing in the purchase and harvesting of flowers which in this season, because of the celebration of All Saints Day, is when they are most in demand. They also need capital to take advantage of the season and to prepare for the Christmas season.

Among their dreams is to stay in business; they have already been in it for several years, having inherited it. The business allows them to help their husbands economically and they are enthusiastic about persevering and reaching their family goals.
View original language description ↓
El grupo las flores de Loma Alta está integrado por 3 personas, mujeres casadas, con hijos originarias de la localidad, ellas se dedican a la venta y cultivo de variedad de flores que se da en este país, como rosas, crisantemos, chastas, gerberas, gladiolas, ellas tienen deseo de seguir invirtiendo en la compra y cosecha de de flores ya que en estas fechas, por la celebración del día de los santos es cuando tienen más demanda y requieren de mucho capital, y sobre todo poder aprovechar la temporada y así mismo prepararse para la temporada navideña, entre sus sueños es seguir manteniéndose en el negocio en la cual ya llevan varios años, por heredad de negocio, con la cual apoyan a sus esposos económicamente y se sienten con entusiasmo para seguir perseverando y alcanzar sus sueños, como 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.

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
  • 89
    View loans »
    Guatemala Loans Fundraising
  • $9,860,025
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Flores De Las Lomas Group's $900 loan helped a member for flower sales.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2010
Listed
Nov 11, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011