Flor De Pascua Group
Sara is 40 years old, lives in Patzun. She has 7 children of whom one is already married, 2 have graduated and 4 are studying in school. Her business is a bread shop and her children help. She sells 3 days a week on market days. She has had her business for 20 years. With the help of her husband she has been able to overcome and now has the need to acquire a loan to be able to buy raw materials. As Easter week approaches (an important festival in Guatemala) for many it is the custom to buy a lot of bread, and so her business has a high demand. Sara’s dream is to give a house to her children and to have a better life.
Sara tiene 40 años de edad, vive en Patzun; tiene 7 hijos, de los cuales 1 ya esta casado, 2 graduados y 4 estudiando, su negocio es una panadería, sus hijos la ayudan, ella vende 3 días a la semana los días de mercado. Tiene 20 años de tener su negocio, con la ayuda de su esposo ha podido superarse y ahora tiene la necesidad de adquirir un crédito para poder comprar la materia prima; ya que se acerca la Semana Santa, (tradición en Guatemala) para muchos es costrumbre la compra de pan, y es cuando su negocio tiene demanda. El sueño de Sara es darles una casa a sus hijos y una mejor vida.
About FAPEFAPE, 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.
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