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Dúo El Cafecito Group
In this Group: Marino , Juan
The group's name is 'Dúo el Cafecito.' A member of this duo consists of Juan, who is 56 years old and has two dependent children. He is a single dad and he provides a service of different types of banquets at his restaurant called 'Cafe-Mi Cafecito,' located in Magdalena Milpas Altas. He is requesting a loan to invest in buying groceries and meat for his restaurant because his purpose is to grow his business with the help of his daughter and son.

His greatest wish is that his two children continue their diversified careers. He is requesting this loan for the purchase of products to prepare food to sell.
View original language description ↓
Dúo el cafecito
Este dúo está conformado por el señor Juan, tiene 56 años de edad y tiene dos hijos a su cargo, y es papa soltero, y se dedica al servicio de diferentes tipos de banquetes en su restaurante llamado CAFÉ-MI CAFECITO ubicado en Magdalena Milpas Altas, el está solicitando el crédito para la inversión de compra de abarrotes y carnes para su restaurante ya que su propósito es seguir creciendo en su negocio con la ayuda de sus hija y su hijo, y su mayor deseo es que sus dos hijos continúen con su carrera de diversificado,Esta solicitando este credito para la compra de productos comestilbes para la elavoracion de comida para la venta.

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
  • 82
    View loans »
    Guatemala Loans Fundraising
  • $9,432,050
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo El Cafecito Group's $525 loan helped a member to purchase food products to prepare food to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Jan 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013