Check out some available loans that are similar to this one!
Dúo Sineyes Group
In this Group: Olga Leticia , María Rosenda
This pair includes Maria, who has been single for three years, and who sells clothing and alters them in different styles. She also buys them ready-made. She is asking for this loan because, thanks to God, her sales have increased and she delivers 6-7 articles weekly to the San Juan market. She needs to produce them quickly, so she needs supplies. She also pays another young woman to help her when she does not have enough time to make the items herself, and for this she needs to invest a little bit more. She is asking for this loan for her business and will use the money to buy weaving supplies.
View original language description ↓
DÚO SINEYES
Este dúo lo forma doña María es soltera desde hace 3 años ella vende cortes y les hace costura de diferente estilo y también los compra ya hechos, ella solicita este crédito porque gracias a Dios sus ventas han incrementado además entrega semanalmente en el mercado de San Juan de 6 a 7 cortes y entonces necesita apurarse a hacerlos y para ello necesita materia prima ya que le paga la hechura de costura a otra muchacha cuando ella no alcanza a hacerlos entonces necesita invertir un poco mas, por eso solicita el crédito para su negocio,entonces su credito lo nececita para la compra de materia prima para la confeccion de tejidos.

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
  • 61
    View loans »
    Guatemala Loans Fundraising
  • $9,070,500
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Sineyes Group's $700 loan helped a member to buy supplies.
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