Solidario Las Marias Group
Doña Angélica Maria, the leader of the group, has an embroidery workshop in her home and works with an industrial machine. She produces large quantities of blouses and aprons in different designs and colors, thereby making her a supplier of these goods.
Doña María Vicenta and María Estela are street merchants who sell in the neighborhoods of their town.
Doña Angélica came up with the idea of requesting a loan in order to help her fellow group members with their businesses. For her part, Angélica is requesting a loan to buy fabrics for making aprons and blouses. Each day she has different goals and dreams for her work and her family.
Las integrantes de este grupo son mujeres negociantes casadas, ellas se dedican a la venta de ropa típica, doña Angélica Maria, líder de este grupo quien tiene en su domicilio taller de bordados en maquina industrial, produciendo así la elaboración de blusas, delantales, por mayor en diversos diseños y colores, por lo que es la proveedora de la mercadería a doña María Vicenta y María Estela quienes venden de manera ambulante en las aldeas de la localidad, doña Angélica fue de la idea de solicitar un crédito para ayudar a sus compañeras en el negocios, por su parte ella esta solicitando este credito para la compra de telas para la elavoracion de delantales y blusas cada una tiene diversas metas y sueños laborales y familiares.
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