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Dúo Latino Group
In this Group: Marta Barrera , Herlinda Ambrocio
Marta, 54, is a member of the communal bank "Duo Latino." She's had a business making and selling tortillas for many years, because this business is a means through which she can get ahead with her family. For this reason, she is now requesting this loan to buy corn at wholesale, because this way the price of corn will be much cheaper. She is hoping that you can help her, because this is a good opportunity for her to increase and expand her business.
View original language description ↓
Dúo Latino, este grupo esta conformado por la señora Marta de 54 años de edad, ella se dedica a la elaboracion y venta de tortillas desde hace muchos años, ya que el negocio es un medio que ella tiene para salir adelante con su familia, es por eso que en esta oportunidad ella esta solicitando este credito para la compra de maiz por mayo ya que solo asi el precio del maiz es mas varato, esperando que ustedes le puedan ayudar ya que este es una buena oportunidad para aumentar y agrandar su negocio.

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
  • 69
    View loans »
    Guatemala Loans Fundraising
  • $9,620,150
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Latino Group's $1,025 loan helped a member to buy corn.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 2, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014