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Duo Providencia Group
In this Group: Irma Yolanda , Blanca Gricelda
La Provincia Duo is made up of two sisters, Irma Yolanda and Blanca Griselda, who are each married. Irma has worked for several years making napkins and weaving San Juan style Güipil garments, as well as sewing traditional skirts from this region. Irma sells her products in different parts of her region and has used her business to support her husband and provide an education for her three children, two of whom are in 4th and 2nd grade. This is why she is requesting this loan, since she has told us that she needs more capital to buy the raw materials for textile production.

Blanca, who also works in textiles, has managed to set up a small store in her house where she sells everyday products, since there are no stores nearby and her neighbors had to travel large distances to find what they needed. Now she can offer them basic products such as beans, rice, corn, sugar, etc. Her wish is to continue to stock her small business in order to provide better service, but the capital that she invested is not sufficient, so that is why she sees the need to request another loan in order to achieve her dream.
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DUO LA PROVINCIA

Integrada por las hermanas Irma Yolanda y Blanca Griselda,casadas. Doña Irma quien se dedica desde ya hace varios años a la elaboración de servilletas, el tejido de Güipiles San Juaneros como a la elaboración de costura en los cortes de esta localidad, doña Irma vende sus productos en diversas partes de su localidad, con su negocio ha apoyado a su esposo para darles estudios a sus 3 niños dos de ellos ya en los grados 4to y 2do primaria.ES por ello que esta solicitando este credito ya que nos comenta que nececita mas capital para compra de materia prima para confeccion de tejidos,por su parte doña Blanca quien también se dedica al tejido ha logrado ubicar en su casa una pequeña tienda, de productos de consumo diario, ya que a los alrededores no se cuenta con ninguna tienda cerca y sus vecinos tenían que viajar una gran distancia para adquirir lo que necesitaban, ahora ella puede ofrecerles los productos básicos como frijol, arroz, maíz, azúcar etc. Su deseo es seguir surtiendo su pequeño negocio y así brindarle un mejor servicio pero el capital que ella invirtió no es suficiente por lo que ve la necesidad de solicitar un crédito mas para alcanzar su anhelo.

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
  • 60
    View loans »
    Guatemala Loans Fundraising
  • $9,070,500
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Duo Providencia Group's $800 loan helped a member to buy the raw materials for textile production.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012