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Dúo Belen Group
In this Group: María De Jesús , María Ofelia
María de Jesús Chamale Suruy, a member of the communal bank DUO BELEN, says that she sells spare parts from her home in the afternoons. She also sells traditional clothing as a street vendor in her village Los Sineyes three mornings a week. She is requesting a loan to buy wholesale wood, vegetables, and fruit because better prices are offered at the terminal, and she can make more profit.
View original language description ↓
DUO BELEN
El grupo lo forma doña María de Jesús Chamale Suruy, quien nos cuenta que vende refacciones en las tardes en su casa además vende un poco de ropa típica de forma ambulante tres veces a la semana por las mañanas, en el caserío los sineyes, solicita el crédito porque quiere comprar un poco de leña y algunas verduras y frutas por mayor a la terminal porque comprando allí se la dan a buen precio y puede obtener un poco mas de ganancia.

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
  • 79
    View loans »
    Guatemala Loans Fundraising
  • $9,928,425
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Belen Group's $950 loan helped a member to buy wood, vegetables, and fruit.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013