The “Kayros 3” solidarity group is composed of three women who are all in the same occupation. The group leader is María Etelvina, 37. She has five children, three of them are in school and two are still too young. She has been manufacturing traditional fabric for three years. She is a person who is characterized by being very tenacious in her quest toward her goals. She is asking for this loan to buy raw materials to make traditional fabric since a season of high sales is approaching and she needs to invest more in order to increase profits. The other group members are also asking for the loan to buy more merchandise to continue with their business.
Solidario Kayros 3. Este grupo esta integrado por tres señoras las cuales se dedican a ala misma actividad una de ellas es la lider de este grupo,quien es Maria etelvina, de 37 años tiene 5 hijos tres estudian y los otros dos todavia esta pequeños,ella se dedica a la elavoracion de tejidos tipicos,desde hace 3 años,es una persona que se caracterisa por ser muy luchadora por alcanzar sus metas.ella esta solicitando este credito para la compra de materia prima para la confeccion de tejidos tipicos,ya que biene la epoca que se vende muy bien y nececita invertir mas para asi lograr aumentas su ganacias,al igual que las otras socias estan solicitando este credito para la compra de mas mercaderia para seguir con su negocio.
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.