Solidario Buena Vista Group
Mrs. Lidia Rebeca M. wants to continue fighting to support her family. Her dream is to have a larger bookstore where she can stock a variety of paper goods or school supplies.
Mrs. Alida Violeta Hernández is a very hard working woman who sells ice cream but also sells tamales. Through her struggles she has managed to support her family and provide the basics for her children.
The women are asking for a loan to buy food items for the store and to make tamales and to buy merchandise for the bookstore.
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