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Dúo Nueva Esperanza Group
In this Group: Carolina, Angelica
Angélica is a member of Nueva Esperanza Duo. She has earned a living for several years making and selling tortillas.

Currently she's requesting this loan to buy corn wholesale because the products will be a little more inexpensive.

Angélica has had other loans previously and hasn't defaulted, and she hopes for continued support.
View original language description ↓
Dúo Nueva Esperanza, este grupo esta conformado por la señora Angelica de 34 años de edad, ella se dedica a la elaboracion y venta de tortillas desde hace varios años, en esta ocacion esta solicitando este credito para la compra de maiz por mayor ya que asi obtendra el productos un poco mas economico, esperando que le sigan apoyando, ella a trabajado otros creditos anteriores y no ha caido en mora.

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.

About Guatemala

  • $4,155
    Average annual income
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $8,399,050
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Nueva Esperanza Group's $2,825 loan helped a member to buy corn to make tortillas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2014
Listed
Feb 18, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015