Talentos En San Martin Group
Ana Patricia P. A. also forms part of the group and sells a range of educational items and toys.
Each day the children come and ask for different items, so she would like to stock her stall with new and eye-catching things to sell to them.
Juana Bertilia C. B. has been selling items from catalogues and shops for several years. Her goal is to be able to sell more items day-by-day and be able to help her family and give the best life for her children.
As mothers, these women want their children to get ahead and to become professionals and successful in life. They also want to progress and help their families.
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