The group "Nueva Esperanza" (New Hope) is made up of 3 women who have different businesses. They live in a village called Vista Hermosa. Carolina T. has a tortilla business, and at times also sells gifts from her home in the free time that remains after she attends to her tortilla business. She has 3 children who attend school in the same village. She has had these businesses for 10 years. Hortencia T. has sold traditional Guatemalan clothing from her home for 6 years. Angélica T. has a tortilla business and store in her house, where she has worked very hard for 15 years. She tells us that her mother supported her and motivated her to continue with her business. Each of these women state that their objective is to be able to invest in their businesses so that they can have everything that their customers ask for, and can continue to get ahead with their businesses and their families.
El grupo Nueva Esperanza se conforma por tres señoras quienes se dedican a diferentes negocios viven en la aldea llamada Vista Hermosa la señora Carolina T. tiene su negocio de tortillería y a la vez tiene una venta de regalos que se encuentran ubicados en su domicilio en el tiempo que le queda libre después de atender su tortillería, atiende a sus 3 hijos que estudian en la Escuela de la misma aldea ella tiene 10 años de dedicarse en sus negocios , Hortencia T. se dedica a la venta de ropa típica desde hace 6 años la venta lo tiene ubicada en su casa, Angélica T. tiene una tortillería y tienda en su domicilio la cual ha trabajado desde hace 15 años ha trabajado muy duro y cuenta que su mamá le ha apoyado y animado para seguir con su negocio. Cada una de ellas manifiesta que su objetivo es poder invertir en su negocio para que puedan tener todo lo necesario que piden los clientes y que puedan salir adelante con su negocios y con sus familias.
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.