One of the members of the Duo Nueva Amistad Group ("new friendship") is Doña María Felipa, married and the mother of eight children. Two of her children are already married and don't live with her. She has been raising animals at home for several years. She needs this loan to be able to buy more animals, such as turkeys, and to install feedboxes. María Felipa wants to have enough animals for sale when the Christmas season begins, because at that time these animals are in high demand and people pay a very good price. She will be able to earn a good income and is confident that it will give her the opportunity to expand her business and earn even more money, which she will use to support her children in their studies and help her husband. The other group member is Doña Felisa Hilaria, who applies for a loan to buy animals to breed in order to increase her income. Both women are thankful to the microfinance institution FAPE and to Kiva for the provided help.
DUO NUEVA AMISTAD
doña María Felipa, ella es casada, tiene 8 hijos, 2 D. ellos ya están casado y no viven con ella, ella tiene crianza D. animales en su casa, desD. hace varios años, además nos cuenta que necesita este crédito para poder comprar más animales y quiere comprar pavos y termínalos D. crecer para que cuando llegue la época naviD.ña ella tenga suficientes animales para la venta ya que en ese tiempo la gente busca mucho esos animales y los paga a muy buen precio y ella pueD. obtener ganancias favorables, por lo tanto confía en que se le pueda brindar la oportunidad D. poder incrementar su negocio y obtener buenas ganancias a si poder seguir apoyando a sus hijos en sus estudios y ser D. apoyo para su esposo,al igual que la siguiente socia esta solicitando este credito para la compra D. animales para la crianza,y asi aumentar sus ganancias, agradecen a fape y Kiva por la ayuda que les puedan brindar.
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.