Solidario Victoria 3 Group
This group is made up of three very hard working women who have fought to have a better future every day. One of them, named Victoria, is the leader of the group. She is 35 years old and has two children . She has worked for the past ten years making traditional fabrics. She tells us that it is an activity completed day by day in order to obtain an income that will help in maintaining her children. She is requesting a loan in order to buy raw materials used in making traditional fabrics. In the same way, the other group members are asking for a loan in order to purchase products for their businesses, and thus continue with greater capital and obtain better earnings.
Este grupo esta Conformado por Tres Señoras muy trabajadoras y nuy luchadoras por tener un futuro mejor cada dia,una de ellas es la lider de este solidario quen es Victoria,de 35 años de edad y tiene 2 hijos ella se dedica a la confeccion de tejidos tipicos desde hace 10 años,ella nos cuenta que es una actividad que realisa dia a dia para asi obtener un ingreso que ayude a la mantencion de su hijos,ella esta solicitando este credito para la compra de materia prima para la confeccion de tejidos tipicos.al igual que las siguientes socias estan solicitando este credito para la compra de mercaderia para su negocio,y asi continuar con un capital mas grande y obtener mejores ganacias.
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