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Duo Salem Group
In this Group: Hilario , Gerardo
The name of this group is "Dúo Salem" This duo is made up of Gerardo and Hilario. Gerardo is 36, married, and has two children. He tells us he has done paint and body work for ten years. He is applying for this loan because the work he has requires the purchase of a lot of materials, so he wants to buy paint, wiping cloths, acrylic etc., to have ready for the cars.

There is also Hilario. He tells us that he has been a mechanic for ten years and has been the owner of a home-based auto body and repair shop for four years. He is applying for this loan because he needs to buy tools and materials for his work.

This is because there are people who come to leave their cars, and don't give him any advance notice, so he has to buy everything he needs, whether replacement car parts, or paint for doing body work.

In other cases, people don't pay him until the work is done; and this is when sometimes he doesn't have what he needs, so he's late finishing the jobs, because of the money that he has to invest in them. So he needs to stockpile gaskets, silicones, wiping cloths, tools, paint etc. Also, he tells us that he wants to buy a spray gun for painting cars.

He is confident that FAPE can offer him the support he needs, as he is the leader of the duo.
View original language description ↓
Dúo Salem.
Este dúo está formado por don 36 años de edad, casado tiene 2 hijos el, nos cuenta que se dedica pintar y enderezar carros desde hace 10 años, el solicita este crédito porque el trabajo que el tiene se necesita la compra de muchos materiales entonces quiere comprar (pintura, guaipe, material acrílico, etc.) para tener listo para los carros, también esta don Hilario, soltero, nos cuenta que es mecánico desde hace 10 años y es dueño de un taller de mecánica y enderezado y pintura en su casa desde hace 4 años, el solicita este crédito porque necesita comprar herramientas y materiales para su trabajo porque hay personas que llegan a dejar sus carros, y no le dejan nada de anticipo entonces él tiene que comprar todo lo necesarios si son repuestos para el carro, o pintura para enderezarlos, y en otros cosos la gente le cancela hasta cuando ya está terminado el trabajo y es cuando él a veces no tiene lo necesario y se atrasa al sacar los trabajos por el dinero que hay que invertirles entonces necesita almacenar (empaques, silicones, guape, herramientas, pintura etc.) además nos cuenta que quiere comprar una pistola para pintar los carros, confía que fape pueda brindarle el apoyo que necesita.ya que el es el lider del duo.

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
  • 64
    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 Salem Group's $650 loan helped a member to buy materials for repairing cars.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 16, 2011
Feb 3, 2012
Currency Exchange Loss:
Nov 17, 2013