Duo Esther: This group is composed of two women who are dedicated to making and selling guipiles, a colorful traditional Mayan style of tunic. Doña Rosa A., who is the leader of the group, is 34 years of age. She has 4 children and is married. She has been dedicated to the sale of traditional clothing in the market of her community for several years. They tell us that they need a loan to buy raw materials, since at this time their clients place various orders. They hope that Fape can give them the support that they need to grow their sales. Their dream is to have their own sales location and to be able to give their children an education so that in the future they can be professionals.
Duo Esther: este grupo esta conformado por dos señoras las cales se dedican a la elavoracion y venta D. guipiles, Doña Rosa A. quien es la lider D. este duo tiene 34 años tiene 4 hijos es casada ella se dedica a la venta D. ropa tipica,desD. hace barios años en el mercado D. su comunidad ellas nos cuentan que nececitan el credito para la compra D. materia prima ya que en esta epoca sus clentes les hacen barios pedidos ella espera que fape les pueda dar el apoyo que ellas nececitan para agradar mas su venta,el sueño D. ellas es tener un local propio y poder darles educacion a sus hijos para que en un futuro sean unos profecionales.
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.