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Dúo San Luis Group
In this Group: Teresa, Maria Marcela
Dúo San Luis
Marcela is 28 years old. She works everyday selling all types of candles. San Luis is located inside the San Juan Sacatepéquez town market. This is where she sells her candles as well as other products that she makes with her brother in her home. Thanks to the service and the place where her business is located, Marcela’s sales are good and she earns a good income which she uses to pay for construction on her house. She also reinvests to attract more customers in various neighborhoods and villages in an itinerant manner. With her older brother’s backing, she is requesting this loan to buy supplies to make candles.
View original language description ↓
Dúo SaN Luis
Doña Marcela de 28 años de edad quien atiende todos los días la venta de todo tipo de candelas y veladoras San Luis ubicado en el interior del mercado municipal de San Juan Sacatepéquez lugar donde ella logra vender candelas y veladoras entre otros artículos que junto a su hermano elabora es su domicilio, gracias a la atención y el punto donde ubica su negocio doña Marcela logra tener bonitas ventas y a la vez buenas ganancias, que ella utiliza para la construcción de su casa, como también vuelve a invertir y así lograr captar más clientes en varias aldeas y caseríos de manera ambulante con el apoyo de su hermano mayor, esta solicitando este credito para la compra de preductos para elaborar candelas y veladoras.

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
  • 63
    View loans »
    Guatemala Loans Fundraising
  • $8,338,450
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo San Luis Group's $725 loan helped a member purchase supplies to make candles to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 6, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013