Mujeres Las Dalias Group
Teresa Parzan sells firewood. She also makes and sells "comales" (clay dishes for making tortillas).
Tomasa Borrar makes and sells typical clothing of San Juan Sacatepequez.
Faustina sells typical clothes, all types of blouses, traditional Mayan skirts, aprons, and ponchos. She sells in her house, and she also sells away from home. She now wants to stock her business a little more. That is why she is requesting this new loan. She tells us that she wants to buy clothes a little softer, which are being asked for more. That way she will increase her sales and satisfy all of her customers.
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