Solidario Flores De Cruz Blanca Group
Felisa P. is the representative of this Women's Group. She raises chickens but also every day she travels to sell her chickens, hens, ducks and turkeys. She also buys and resells these animals. Her husband is a bus driver but doesn't earn very much money so Felisa needs her business. She has been a support for her children so that's why she gets going very early. She is requesting a loan to buy and sell animals. Angela P. sells tortillas and she will use the loan to buy corn and firewood for the tortilla shop. Mercedes M. sells typical clothing and she wants to take advantage of the time at year's end when her customers want a variety of clothes. The three women are very happy that they have access to a loan that helps them continue working.
La señora Felisa P. es la representante del este Grupo D. Mujeres, ella se dedica a la crianza D. pollos, pero también todos los días viaja para poder vender sus pollos, gallinas, patos, pavos, también ella compra y revenD. estos animales, su esposo trabaja D. piloto D. buses y no gana mucho dinero por lo que ella cuenta que con su negocio ella ha sido un apoyo para sus hijos por lo que desD. muy temprano se levanta.Solicita el credito para compra y venta D. animales. Ángela P. se dedica a la venta D. tortillas el crédito lo necesita para poder comprar maíz y leña para su tortillería, por su parte Mercedes M. venD. ropa típica y ella quiere aprovechar las fechas D. fin D. año que es cuando sus clientes quieren variedad D. ropa. Las tres señoras están muy contentas D. poder tener acceso a un crédito ya que les permite poder seguir trabajando.
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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