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Duo Solidario El Mañana Group
In this Group: Telma , Guadalupe
Sra. Telma is 24 years old, married, and has a daughter. She is the representative for the group “El Mañana” (The Morning). Telma has a business selling tortillas three times a day. She has been in business for three years and started out selling a small amount each day worth 50 GTQ. Now she earns 200 GTQ. Telma wants to buy an industrial griddle so that she can sell a little more. The loan she is requesting will be used to buy corn for making tortillas as well as an industrial griddle. Her younger sister works with her, so does not have to cope with all of the work by herself.


Doña Guadalupe also has a tortilla business. Her household includes four dependent children, three of whom are in school. She lives with her husband, who helps with the household expenses. Guadalupe started her tortilla business four years ago with the intention of helping her husband with the household expenses. Her loan will be used to buy corn in bulk so that she can get an affordable price. She will also buy chickens to raise, thereby helping her children to get ahead so that they can become professionals.

View original language description ↓
Duo el Mañana: La señora Telma D. 24 años casada y tiene una hija, representante del duo el mañana, tiene su negocio D. vente D. tortillas los tres tiempos. Tiene su negocio desD. hace tres años y empezó vendiendo un pequeño monto D. Q 50.00 diarios que ahora se han convertido en Q 200.00 ahora desea comprar un comal industrial para poder vender un poco mas esta solicitando este credito para la compra D. maiz para la elavoracion D. tortillas y compra D. un comal industrial, su hermana menor trabaja con ella ya que sola no pueD. darse abasto, doña Guadalupe también tiene una tortillería, casa con cuatro hijos aun a su cargo, tres aun estudian, vive con su esposo quien la ayuda a solventar los gastos del hogar, empezó con su tortillería hace cuatro años con la intención D. ayudara a su esposo con los gastos D. su hogar. Con el crédito desea comprar maíz por mayor para que sea mas comodo el monto, también comprar pollos para criar, y asi lograr sacar a sus hijos adelante y puedan ser profesionales.

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 Solidario El Mañana Group's $525 loan helped a member to buy corn for making tortillas and an industrial griddle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Oct 3, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012