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Dúo Luz De Vida Group
In this Group: Gloria Esperanza, Cruz Del Rosario
The Luz de Vida group is represented by 64-year old Sra. Gloria who is a widow. She has been selling American clothing in rented premises in the centre of San Lucas Sac for three years. Now Gloria wants to sell American shoes also because her customers are asking for them. For this reason she is seeking a loan to buy secondhand footwear and clothing.
View original language description ↓
Duo Luz de Vida, representado por doña Gloria de 64 años, vuida, se dedica a la venta de ropa americana, en un local que alquila en el centro de San Lucas Sac, desde hace 3 años, ahora doña Gloria desea también vender zapatos americanos, porque su clientela se lo demanda,por ese motivo esta solicitando este credito para la compra de Calzado y ropa de segunda mano.

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
  • 78
    View loans »
    Guatemala Loans Fundraising
  • $8,864,125
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Luz De Vida Group's $525 loan helped a member buy secondhand footwear and clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Oct 26, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014