The group named San Isidro is made up of 4 members, all originally from the same municipality. They request a second loan from Kiva. They have two new members. Three of the members make aprons in the homes and later sell them. They have managed to purchase their own sewing machines. This business has been successful because the aprons are widely used by the indigenous women of the country.
Another one of the members grows flowers. She requires working capital to prepare for the Day of the Dead celebrated on November first, when it is tradition to have everything decorated.
The group is represented by Mrs. Mirian Leticia C.. She is married and she has 3 children. She has been making aprons for many years. Her clients know her well and it helps because her customers come to her house to purchase the goods, or to place orders.
The members of the group indicate that they are very optimistic about this loan because it will be of great benefit.
Las socias del grupo San Isidro, está conformado por 4 miembros originarias de este municipio,, solicitan su segundo crédito Kiva, cuentan con dos integrantes nuevas, 3 de ellas se dedican a la confección y venta de delantales que ellas elaboran en su casa han logrado compra su propia maquina , este negocio les parece rentable ya que los delantales son muy utilizados por las mujeres indígenas de nuestro país. Y una a la siembra y cultivo de flores, ella requiere de capital para invertir desde ya para la fiesta o tradición de adornar el primero de noviembre conocido como el día a los difuntos, el grupo es representado por la señora Mirian Leticia C., quien es unida y tiene 3 hijos, ella confecciona delantales hace varios años, por lo que la gente ya la conocen esto le ayuda mucho porque la gente llega a su domicilio a comprar, o a realizar sus pedidos, manifiestan que son muy positivas con este nuevo crédito sea de mucho beneficio como el anterior.
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.