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Duo Flor Chimalteca Group
In this Group: Héctor Fernando , Maria Magdalena
Of the group Duo Flor Chimalteca - Flower of Chimaltenango Duo - Magdalena is 42 years old and she has been making a living selling traditional clothing for the last 2 years. She shares she is requesting this loan to buy more traditional clothing since she is aware that she is lacking the capital to work with because her customers have increased considerably. Her dream is to have a business premise where she can offer her products, the same as the group member next to her, he makes a living breeding and selling chickens.
View original language description ↓
Duo Flor Chimalteca, Doña Magdalena de 42 años de edad ella se dedica a la venta de ropa tipica desde hace 2 años nos cuenta que esta solicitando este credito para la compra de ropa tipica ya que esta conciente de que le falta capital para trabajar porque sus clientes han umentado considerablemente el sueño de ella es tener un local donde ofrecer sus producto, al igual que el siguiente socio se dedica a la crianza y venta de pollos.

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
  • 94
    View loans »
    Guatemala Loans Fundraising
  • $9,667,175
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Duo Flor Chimalteca Group's $525 loan helped a member to buy traditional clothing to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012