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Duo Renacer Group
In this Group: Gloria Esperanza , Maria Clara
The "DUO RENACER 2" communal bank is comprised of doña Maria Clara, 43, who is married and has six children. She is the leader of the group and sells elastic blouses as a street vendor and on a door-to-door basis. She has been in business for six years and is requesting a loan to buy more clothing for the October season, when graduations begin and orders for blouses are placed. Doña gloria Esperanza, 34, is married and has a son and is in the business of embroidering fabric and blouses. She also makes and sells aprons. She has been in business for 19 years. She needs a loan to buy fabric and thread. If the customers give her the fabric she only charges for labor but if she furnishes all the materials she makes a better profit. The two women are confident that FAPE can help them. They are committed to paying back the loan on time and hope God will bless them so they can get ahead.
View original language description ↓
DUO RENACER 2
Este grupo esta formado por doña Maria Clara D. 43 años D. edad casada,siendo ella la lider D. este duo ella tiene 6 hijos y se dedica a la venta D. blusas elásticas D. forma ambulante y también en su casa, desD. hace 6 años, ella solicita el crédito para poder Comprar mas Mercaderia en ropa e invertir ya que viene la época D. octubre, y las graduaciones se acercan y a ella le piden blusas, también esta doña Gloria Esperanza, D. 34 años D. edad, casada, tiene 1 hijo, y se dedica al bordado D. cortes y blusas, además hace delantales y los venD., tiene su negocio desD. hace 19 años, ella dice que necesita el crédito para poder comprar material, hilo, y tela ya que si le dan la tela, ella solo cobra la mano D. obra pero si ella pone todo el producto, pueD. tener mas ganancias, las dos señoras confían en que fape pueda brindarles el apoyo que están necesitando esperan no defraudar a la institución cumpliendo con todos los pagos además dicen que confían en Dios que las bendice siempre y las va ayudar a salir adelante.

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
  • 99
    View loans »
    Guatemala Loans Fundraising
  • $9,101,050
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Duo Renacer Group's $525 loan helped a member to buy clothing to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012