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Duo Solidario Renacer Group
In this Group: Hilda Floridalma , Santos Faustino
The communal bank "Duo Renacer" is made up of two people. Señora Hilda Floridalma, who is the leader of the duo, is 30 years old. She makes her living in a variety of businesses, such as furniture rental (chairs, tables and other items) and net and lasso sales. She also sells hangers for clothing. She started her business 5 years ago with the help of her father-in-law, who gave her some of the furniture to rent. And her husband helped her with some capital to purchase lassos. Señora Hilda Floridalma is requesting the loan to purchase more furniture to stock up her business. She has 4 young children, and her wish is to give them an education. The young man, Santos Faustino, who is 23 years old and single, makes his living making lassos in his home. He started his business with the help of a man he works with. This man gave Santos Faustino the raw material he needed to start, and now he provides his own raw materials. With the income from his business, Santos Faustino can contribute to the household expenses. His parents are deceased and he has younger siblings who he helps out. His wish is to have a small shop to be able to sell his products closer to his customer base.
View original language description ↓
El grupo está integrado por dos personas la señora Hilda Floridalma quien es la lider del duo, tiene 30 años de edad , se dedica a diversos negocios como el alquiler de mobiliario( sillas, mesas y trastos ) también a la venta de redes y lazos y venta de ser chas para ropa, desde hace 5 años ella inicio su negocio con la ayuda de su suegro dándole una parte de mobiliario para alquiler y su esposo le ayudo con un capital para la compra de lazos,ella esta solicitando este credito para la compra de moviliario y asi surtir mas su negocio, tiene 4 hijos menores de edad su deseo para sus hijos es darles estudio. El joven Santos Faustino, de tiene 23 años de edad soltero se dedica a la elaboración de lazos en su domicilio inicio con la ayuda del señor donde trabaja el le proporciono la materia prima para iniciar, ahora el tiene tiene su propia materia prima y con la ayuda de su negocio puede colaborar con los gastos que se tiene en su casa ya que sus padres fallecieron y tiene hermanos menores a quienes ayuda su deseo para su negocio es poder tener un local y poder proporcionar más cerca su producto a sus clientes.

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

  • $5,300
    Average annual income
  • 57
    View loans »
    Guatemala Loans Fundraising
  • $12,593,650
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Duo Solidario Renacer Group's $775 loan helped a member to purchase rental furniture.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 22, 2011
Oct 3, 2011
Currency Exchange Loss:
Apr 15, 2012