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Dúo Nueva Esperanza Group
In this Group: Carolina , Angelica
The Duo Nuevo Esperanza group was set up by Angelica who makes her living selling tortillas, food and beans, a sales point she has located in her home for the last six years. She has a young daughter and her dream is to get ahead in life to support her husband and therein set up another tortilla food stall. She is grateful for the confidence shown in her with the loans she has been given. The loan she is now seeking is to buy corn and firewood to make tortillas.
View original language description ↓

DUO NUEVA ESPERANZA
El grupo está conformado por la señora Angelica se dedica a la venta de tortilla, comida, y frijol venta que tiene ubicada en su domicilio desde hace seis años ella tiene una niña menor de edad y su deseo es seguir adelante para ser un apoyo para su esposo y así mismo colocar otra venta de tortillería en otro lugar y a la vez agradece la confianza por tener en los créditos otorgados. el credito lo esta solicitando para la compra de maiz y leña para la elaboracion de tortillas.

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
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $9,897,300
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Nueva Esperanza Group's $2,100 loan helped a member to buy corn and firewood to make tortillas.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2013
Listed
Feb 14, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014