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Solidario Restauracion Group
In this Group: Filomena , Paula Agustina Josefina , Elva Marina
'Restauracion' Solidarity Group

This group is maD. up of three ladies who weave products by hand.

Elva Marina is the leader of this group. She and her fellow group members need more capital to work. For this reason, they are requesting a loan to buy raw materials for hand weaving their products. Their dream is to further expand their businesses and proviD. their children with a better future.
View original language description ↓
Solidario Restauracion: Este Grupo esta conformado por tres señoras las cuales se dedican a la confeccion D. tejidos a mano doña Elva Marina es la lider D. este grupo tanto ella como las otras socias estan convecidas D. que nececitan mas capital para trabajar por eso estan solicitando este credito para la compra D. materia prima para la confeccion D. tejidos a mano.El sueño D. ellas es agrandar mas su negocio y darles un mejor futuro a 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

  • $4,155
    Average annual income
  • 65
    View loans »
    Guatemala Loans Fundraising
  • $8,754,075
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Solidario Restauracion Group's $800 loan helped a member to buy raw material for weaving.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jul 5, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012