San Miguel Group
Rosemary has been working 15 years in her store where she sells daily consumer products. She also sells bananas and plantains to generate income to support her family. The other members also have their own businesses.
Doña Rosemary and the other members dream of growing as entrepreneurs. This will allow them to proviD. a better future for their children so that they can develop into good people. They also hope to have more customers.
Rosemary tiene 15 años trabajando en su tienda D. consumo diario también tiene una venta D. plátanos y bananos el cual le genera ingresos para sostener a su familia, las otras socias también tienen su propio negocio D. consumo diario.
El sueño D. doña Rosemary y D. los demás socios es poder crecer como empresarios y poder darles un mejor futuro a sus hijos para que ellos puedan ser personas D. bien, también esperan tener más clientes.
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