Check out other loans that are currently fundraising!
Solidario Flores De Sumpango Group
In this Group: Maria Luisa , Estela , Sandra Leticia
'Flores de Sumpango' Solidarity Group

This group is made up of three ladies whose businesses are farming and weaving.

María is the leader of this group and she tells us that she is happy because her business is prospering. She and her fellow group members are in the same business. The ladies need more capital to work. For this reason, they are requesting a loan to buy raw materials for weaving their products.
View original language description ↓
Solidario Flores de Sumpango: este grupo esta formado por tres señoras las cuales se dedican a la agricultura y a la confeccion de tejidos doña Maria es la lider de este grupo y nos cuenta que estan contenta porque su negocio a prosperado ella como las otras socias se dedican a la misma actividad las tres señoras estan convencidas que nececitan mas capital para trabajar por eso estan solicictando este credito para la compra de materia prima para la confeccion de tejidos.

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
  • 54
    View loans »
    Guatemala Loans Fundraising
  • $8,798,275
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Solidario Flores De Sumpango Group's $925 loan helped a member to buy raw materials for weaving.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jul 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012