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Dúo El Rosario Group
In this Group: Ofelia , Elena
Ofelia is in charge of the Dúo de Rosario group. She sells clothing (cloth blouses by the dozen). Currently, she has many orders for blouses but the sizes and colors she has are not sufficient because they do not fulfill her customers' orders. For that reason, she again needs capital in order to buy larger quantities of the sizes and colors she is lacking and therefore have the product when the customer asks her for it.

She has already worked with many loans with Kiva and Fape and has been very responsible with her payments. The loans that have been previously awarded to her have been very helpful for her and her business. She hopes to continue striving day by day in order to move not only herself but also her family forward in this way.
View original language description ↓
Dúo el Rosario Está a cargo de la señora Ofelia, quien se dedica a la venta de ropa( blusas de tela por docena.) Actualmente ella tiene varios pedidos de blusas pero las tallas y colores que tiene no le son suficientes porque no completa el pedido de sus clientes. Por tal motivo ella necesita un capital nuevamente para poder comprar grandes cantidades en tallas y colores que le faltan y así tener el producto cuando el cliente le solicita,ya ha trabajado varios creditos en Kiva/Fape y ha sido muy responsable en sus pagos ya que los creditos que le han otorgado ha sido de mucha ayuda para ella y su negocio espera seguir luchando dia a dia para salir adelante no solo ella si no tambien de esa forma su familia.

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.

Tags

About Guatemala

  • $4,155
    Average annual income
  • 54
    View loans »
    Guatemala Loans Fundraising
  • $8,798,275
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo El Rosario Group's $2,050 loan helped a member to buy clothing to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014