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Duo Orquideas De Sumpango Group
In this Group: Maria Tomasa Victoria, Elsa Elma
The communal bank "Dúo Orquídeas de Sumpango" includes Tomasa, who has a business preparing snacks which she sells in the central market of Sumpango, in Sacatepequez. She is a native of this area. She needs a loan to expand her business, because the competition is increasing, and so she needs to have a greater variety of snacks to sell. This is why she is requesting another loan with Kiva. This is the fourth time she has requested a loan, and she promises to make her payments on time as she did with her previous loans.
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Dúo Orquídeas de Sumpango
Este dúo esta conformado por Tomasa, se dedica a la preparación de refacciones la cual lo vende en el mercado central de Sumpango Sac, de donde es originaria, ella necesita de un crédito mas para poder ampliar su negocio ya que la competencia incrementa por lo cual ellas necesitan tener mas variedad en venta de refacciones por esa razon esta solicitando un credito mas con kiva, es la cuarta ocasión que solicitan un crédito y prometen pagar puntualmente en cada pago asi como en los creditos anteriores.


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
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Duo Orquideas De Sumpango Group's $1,025 loan helped a member to buy supplies to make and sell snacks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015