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Dúo Las Torrelianas Group
In this Group: Maudelia Magdalena, Orfa Tamar
The Las Torrelianas Duo

Orfa is 40 years old. She is married and has three children (4,8 and 12). She sells new clothes wholesale and retail. She started her business two years ago when she lost her job and had to have income to help her husband with the household expenses. She started selling a dozen t-shirts and a dozen pair of pants. Now she distributes her merchandise wholesale to her customers. She has been selling cosmetics via catalog for four months. She is asking for the loan to buy the cosmetics upfront for her profits to increase. Her biggest dream is to have her own locale so she doesn't have to sell as a street vendor.
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Duo las Torrelianas

Orfa de 40 años de edad es casada tiene tres hijos ( 4,8,12) se dedica a la venta de ropa nueva por mayor y menor, ella inicio su negocio hace dos años cuando perdió su empleo y se vio en la necesidad de tener un ingreso para apoyar a su esposo con los gastos del hogar, ella inicio vendiendo una docena de camisetas y una docena de pantalonetas actualmente distribuye su mercadería por mayor a sus acreedores, actualmente lleva cuatro meses en los que esta vendiendo cosméticos por catalogo, ella solicita el crédito para poder comprar los cosméticos al contado y que sus ganancias aumenten, el sueño mas grande que ella tiene es tener su propio local para no tener que seguir vendiendo ambulante.

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

  • $5,300
    Average annual income
  • 71
    View loans »
    Guatemala Loans Fundraising
  • $9,872,275
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Las Torrelianas Group's $775 loan helped a member to buy cosmetics to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014