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Dúo Esperanza De Vida Group
In this Group: Maria Olivia , Edgar Geovani
Edgar is a member of the communal bank Dúo Esperanza de Vida. He has worked as a farmer for years, growing radishes, green beans, tomatoes and other crops. He learned to grow these crops when he was a young child, so he has a great deal of facility in this area. Lately it has been difficult since climate change has affected his crops, and he has had to water them since at times it does not rain for days. This has been very costly for him.

He is seeking this loan in order to buy seeds and fertilizer for the planting season and also to pay for watering services. He hopes that Kiva will be able to help him to obtain the funds he is seeking.
View original language description ↓
Dúo Esperanza de Vida.
Este Dúo está integrado por Edgar él se dedica a la agricultura desde ya hace años, (Rábano ejote, tomate etc. ) desde muy pequeño le enseñaron a cultivar es por eso que no le ha costado mucho en la siembra, últimamente le ha sido difícil ya que el cambio climático afecto su siembra y tubo que regarlo ya que varios días no llovió y tubo que regar su siembra y eso le ha salido muy caro, está solicitando este crédito para la compra de semillas y abono para su siembra y también para pagar servicios de riego. Espera que Kiva le pueda ayudar con el crédito solicitado.

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
  • 76
    View loans »
    Guatemala Loans Fundraising
  • $8,352,950
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Esperanza De Vida Group's $650 loan helped a member to buy seeds and fertilizer for the planting season and also to pay for watering services.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 3, 2012
Listed
Sep 5, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013