Duo Rosa De Saron Group
Griselda D. los Ángeles S. D. L. C., 35, has two small children. She’s had her business for 10 years. She sells basic need foodstuffs. She tells us that she’s done well in her business and every day she grows more. She stocks rice, beans, sugar, salt, pastas, eggs, tomatoes, onions, potatoes, etc. in her store. Now she needs a loan to stock the store more and have a wider variety of groceries or to buy her merchandise at wholesale thus increasing her profits.
Haydee N. López, 40, has three small children. She sells tortillas in three shifts. She’s been in this line of work for three years. She is asking for the loan to buy corn and firewood at wholesale. She tells us that she wants to buy at wholesale because that’s the time when the price is lower. Corn prices drop because of the harvest and the firewood’s price drops too because it’s summer. She hopes that Fape will help her so that her profits will increase.
doña Haydee N. L.,es D. 40 años D. edad tiene 3 hijos pequeños,elL. D. dedica a L. venta D. tortillas los tres tiempos,elL. se dedica a esta actividad desD. hace 3 años elL. solicita este credito para L. compra D. maiz y leña por mayor, elL. nos cuenta que quiere comprar por mayor ya que por este tiempo baja D. precio.
El maiz baja D. precio porque hay cosecha, y L. leña tabien baja D. precio porque es verano, elL. espera que fape le pueda ayudar y asi pueda aumentar su ganacia.
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