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Duo Esperanza De Santiago Group
In this Group: Cristina , Maria Alicia
The communal bank, Dúo Esperanza de Santiago, includes Alicia, who is married and has a son. Her husband is a carpenter and she sells bread for a living every day of the week, mornings and afternoons. She opens early at 6:00 a.m. and closes at 9:00 p.m. Her shop is near the municipal market of Santiago Sac and earns a good profit.

Alicia wants to renovate the shop where she also sells stuffed peppers twice a week. Se takes advantage of the different seasons and her location to vary the product she has on offer in addition to bread. She is requesting a loan to buy bread wholesale to improve sales and help her family.
View original language description ↓
Dúo esperanza de Santiago. Integrado por doña Alicia casada y tiene un hijo su esposo trabaja como carpintero doña Alicia quien se dedica a la venta de pan todos los días de lunes a domingo, mañana y tarde. Abre su local desde temprano las 06:00 am y en la tarde cierra hasta la 09:00 pm, su local se encuentra cerca del mercado municipal de Santiago Sac y pues tiene muy buenas ganancias, doña Alicia necesita darle mayor presentación a su negocio además de que vende chiles rellenos dos veces por semana y le va muy bien aprovecha las épocas y el lugar para variar sus ventas frente a su negocio a parte de la venta de pan.Esta solicitando este credito para la compra de pan por mayor y asi mejorar sus ventas y ayudar a su familia.

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
  • 71
    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 Esperanza De Santiago Group's $325 loan helped a member to buy bread to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2012
Listed
Jul 8, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013