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Duo Latino Group
In this Group: Herlinda De Jesus , Marta
Marta is 52 years old. She is married and has two children. She has a tortilla making business. She has been making and selling tortillas for many years. She began with a 100-pound bag of corn and then her business grew and she hired two people to help her because she couldn’t keep up by herself. She now has her tortilla business and she also has a small store where she sells basic food items. The loan she is requesting is to buy corn for making tortillas. Her dream is to grow her tortilla business and open another store.
View original language description ↓
Marta, tiene 52 años de edad es casada y tiene dos hijos, ella tiene una tortilleria y se dedica a la elavoracion y venta de tortillas desde hace varios años ella empeso con un quintal de maiz luego fue creciendo y contrato a dos personas que le ayudaran porque no se daba a basto ella sola, actual mente tiene su tortilleri y aparte de eso tiene una tienda donde vende productos comestibles de consumo diario,el credito lo esta solicitando para la compra de maiz para la elavoracion de tortillas. ella sueña con poder agrandar su tortilleria y poner otro local.

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
  • $8,374,425
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Duo Latino Group's $775 loan helped a member to buy corn for making tortillas.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jun 3, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013