Ilci G., age 25, represents the group. Motivated by the desire to prosper, and seeing the necessity, she shared the idea of asking for a loan with her colleagues. Years ago she worked in a communal bank with FAPE. She says that these types of loans have helped maintain her business, and they also allow her to support her two children.
All of the women are very hard-workers. Each one of them has a dream to see their businesses prosper and help their children get ahead.
Es representada por la señora Ilci G., de 25 años quien con la iniciativa de prosperar y al ver la necesidad, compartió la idea a sus compañeras, en solicitar un crédito, ya que en años pasados ella trabajo en un Banco de confianza con FAPE, por lo que ella dice que este tipo de crèditos le han ayudado a mantener su negocio y tambièn le permite mantener a sus de sus 2 hijos. Todas son mujeres muy trabajadoras y cada una de ella cuenta que su sueño es ver prosperar sus negocios y sacar adelante a sus hijos.
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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Success!! The loan was 100% repaid