Duo Monte Hermon: Mrs. Blanca C. is a member of this group. She is 53 years old, married, and is the mother of 4 children. She is the owner of a store and a corn mill. She has lived in this location for 30 years. She requests a loan to purchase grocery store products. Carlos Humbertode is also a member of this group. He is 33 years old, married, and the father of 4 children. He is the owner of a small store. He needs thisl oan to purchase grocery store products for his store because he needs to add inventory. This will provide him with the opportunity to progress and to provide support to his children.
Duo Monte Hermon: Este Grupo Esta Formado Por Doña Blanca C. de 53 años y tiene 4 hijos es casada y es propietaria de una tienda y molino para maiz, en el lugar donde vive desde hace 30 años,solicita este credito para la compra de productos comestibles, tambien don Carlos Humbertode 33 años con 4 hijos es casado es dueño de una paqueña tienda el nos cuenta que nececita este credito para poder comprar productos comestibles para su tienda ya que le falta un poco para surtir su tienda el le pide a fape que le pueda darle la oportunidad de superarce mas y poder brindarle apoyo a sus hijos,
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.