Duo Torre Fuerte Group
Iris del Rosario is 20 years old and has one child. She sells everyday food products. Iris is requesting a loan to buy more merchandise to restock her food store. She needs more operating capital to help increase her earnings.
Luz Adelaida is 20 years old. She has been selling used clothing for one year. Luz says she needs a loan to buy one bale of clothing so that she can restock her business and provide a greater variety of styles for women, men, and children.
Luz Adelaida,tiene 20 años de edad ella se dedica a la venta de ropa de usada desde hace 1 años se dedica a ese negocio ella dice que nececita su credito para la compra de una paca de ropa y asi poder surtir mas su negocio para tener mas bariedad en estilos tanto para dama como para caballero y niños.
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