Check out some available loans that are similar to this one!
Faustina
Faustina is a 62-year-old woman who is a single mother of seven children. Four of them are boys who are married, three are girls two of which are married and one is still single and living with her in Sololá. She’s a hardworking woman who likes to make progress in life. She currently has a grocery store and cafeteria where she sells snacks, cold and hot beverages, refreshments and others to students at a university in Sololá.

She started this business 12 years ago with help from her daughters since sadly she separated from her husband many years ago. However, that wasn’t an obstacle to continue making life progress.

She relates that she got the opportunity of having another grocery store in the local market and to do so she had to take capital from her store and cafeteria at the university but still needs capital to invest and needs a Q 8,000.00 loan to buy merchandise for her store and cafeteria to improve her family income. Among her dreams is to better capitalize her business and expanding it or perhaps to open another business.
View original language description ↓
Doña Faustina es una mujer de 62 años de edad madre soltera con siete hijos 4 de ellos son hombres que están casados, tres mujer dos ya casadas y una soltera la cual vive con ella en Sololá.
Una mujer trabajadora que le gusta prosperar en la vida, ella actualmente tiene una tienda de consumo y cafetería vendiendo snacks, bebidas frías y calientes, refacciones y mas a los estudiantes de una universidad en Sololá.
Ella empezó esta actividad desde hace 12 años teniendo el apoyo de sus hijas ya que lastimosamente tuvo la separación de su esposo desde hace muchos años pero no fue un obstáculo para seguir prosperando en la vida.
Ella cuenta que tuvo la oportunidad de tener otra tienda de consumo en el mercado local, a base de esto tuvo que tomar el capital de su tienda y cafetería en la universidad viendo la necesidad de invertir mas capital a base de un préstamo de Q 8,000.00 para comprar mas mercadería para su tienda y cafetería y mejorar sus ingresos familiares.
Entre sus sueños y metas es capitalizar mas su negocio ampliándolo o a lo mejor abrir otro negocio.

Additional Information

About ADICLA

ADICLA (Association for the Holistic Development of the Basin of Lake Atitlán) is nonprofit rural community development association that provides small loans and services to improve quality of life in two of the poorest regions of Guatemala, home to large indigenous populations. Kiva funding will be used to support three innovative credit initiatives: youth business loans, green loans, and smaller loans to help ADICLA move down-market and serve poorer clients.

About Guatemala

  • $4,155
    Average annual income
  • 42
    View loans »
    Guatemala Loans Fundraising
  • $8,597,150
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Faustina to buy stock merchandise for her store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 10, 2012
Currency Exchange Loss:
Covered
Ended:
May 18, 2014