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Duo Solidario Vida Y Amor Group
In this Group: Maria Angelica , Sofia
Sofia is the lead of the group Duo Vida Y Amor (Life and Love Duo). She is 73 years old, and she has been making traditional woven items by hand for some years. She is asking for this loan to buy raw material for weaving since she needs more working capital. Like another member who is asking for a loan to buy raw material for traditional weaving, these women’s dream is to have a more working capital and to be better off financially.
View original language description ↓
Duo Vida y amor. Sofia,siendo ella la lider de este grupo de 73 años de edad ella se dedica a la elavoracion de tejidos a mano tipicos desde hace varios años,ella esta esta solicitnaod este credito paa la compra de materia prima para la confeccion de tejidos ya que nececita mas capiral para trabajar la igual que la siguiente socia esta solicitando este credito para la compra de materia prima para la confeccion de tejidos tipicos el sueño de ellas es tener un capital mas grande y estar mejor economicamente.

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
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $8,399,850
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Duo Solidario Vida Y Amor Group's $400 loan helped a member to buy raw material to make traditional woven items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2011
Listed
Oct 3, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012