Mujeres Bienaventuradas Group
Eva Kelita has a store and four children. Her husband also helps her to be able to invest in her business. Her goal is to continue growing and to make the store bigger. She wants to do this to help her husband and to get the family ahead.
Aurelia R. sells fabric scraps, which are used mainly as rags. She wants to help her husband get her son ahead. Her son is studying for his career. Her dream is for her children to become professionals. With God’s help she wants to keep selling. Of course, she needs more capital to buy more merchandise and increase her sales.
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