Solidario Las Sumpangueras Group
The members of the group live approximately 32 kilometers from the city. Narcisa is the representative of this group. She is a very hard-working woman, and she has given her daughters the example of working arduously. All of them sell tamales on the week-end.
Narcisa says that on Saturdays she prepares approximately 500 tamales. Maria Tomasa and Loreza Estela, also members of the group, sell the tamales at the market.
The three of them have worked with Fape for a long time, and they are very dependable. They are now requesting another loan because the Christmas fiestas are approaching. They need to buy ingredients to make the tamales. The orders have increased for this season. They want to take advantage of the demand in order to be able to improve their children’s lives.
Las integrantes del grupo viven aproximadamente a 32 km de la ciudad la representante de este grupo quien es Narcisa es una señora muy trabajadora ya que ella le ha dado el ejemplo a las hijas a trabajar arduamente, todas se dedican a la venta de tamales los fines de semana, doña Narcisa Cuenta que los sábados preparan aproximadamente 500 tamales que son vendidos en el mercado por doña Maria Tomasa y Lorenza Estela que también son integrantes del grupo. Las tres han trabajado con Fape por mucho tiempo y han sido muy cumplidas por lo que ahora solicitan otro crédito mas ya que se aproximan las fiestas navideñas y necesitan comprar ingredientes para elavorar tamales ya que los pedidos se multiplican para esta temporada, ellas desean sacarle provecho para poder así darles una mejor vida a sus hijos.
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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