Solidario Vida Group
Maria Julieta C. S. is 36 years old. She has three children, and they attend a government school. Her business is selling new clothes. She started the business four years ago. She has a small place on the side of the street where she lives. Her neighbors now know her, and, starting very early, they come to buy her merchandise.
The loan she is requesting is to buy more blouses, t-shirts, and pants. The demand for her merchandise is now rising. Her dream is to expand and open a new place in her municipality. She wants to do this to get better earnings and to improve her children’s future.
The Vida group is comprised of two women and one man. The three of them sell new clothes, and they have their own places. They wish to invest more in clothes. Their dream is to see their businesses grow, to get greater income, and to give their children a better future.
El grupo vida esta integrado por dos señoras y un señor los tres se dedican a la venta de ropa nueva tienen su propio local y desean invertir mas en ropa, el sueño de ellos es crecer en su negocio obteniendo mayores ganancias para darles un mejor futuro a su 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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Success!! The loan was 100% repaid