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Duo Santa Teresita Group
In this Group: Maria Marta , Justa
'Santa Teresita' group

This group has two members. María Marta sells essential household products and, a short while ago, she managed to buy a mill for grinding 'nixtamal' (cooked corn used in making tortillas). Her business is doing very well as she serves a number of people during the day. She would like to take advantage of this opportunity and invest further in her grocery store business as the people who come to use her mill also buy household products while they are there. Alongside María Marta lives Justa who has been selling tortillas for several years. Owing to the increase in the price of corn, she needs capital so that she can buy in larger quantities and save. According to her customers' needs, she also sells corn which makes her an additional income to that which she makes selling her tortillas. Both ladies would like to continue working and expanding their businesses. They are happy to have this opportunity to obtain capital with which they can achieve their goals.
View original language description ↓
DUO SANTA TERESITA:
Este dúo esta conformado por doña María Marta, quien tiene venta de consumo diario y hace poco logró comprar un molino de nixtamal en cual le ha ido muy bien ya que atiende a varias personas durante el día, ella quiere aprovechar para invertir más en la venta de consumo diario, ya que las personas que visitan su molino aprovechan para comprar las cosas de su hogar, junto a ella vive la señora Justa, quien vende tortillas desde hace varios años, viendo el incremento del precio del maíz ella necesita capital para comprar por cantidades mayores, para que al final pueda ella tener un ahorro también, según la necesidad de sus clientes ella también vende maíz, teniendo así un ingreso adicional a la venta de tortillas, el deseo de ambas es seguir trabajando e ir incrementando sus negocios, ellas se sienten contentas de tener esta oportunidad de obtener este capital para poder lograr sus objetivos.

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
  • 76
    View loans »
    Guatemala Loans Fundraising
  • $9,872,275
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Duo Santa Teresita Group's $675 loan helped a member to buy essential household products and to buy corn wholesale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2012