Duo Luz De Sol Comalapa Group
The woman makes a living in the same business, and for this reason she is requesting this loan to buy the raw materials for tailoring clothes. She is grateful to Kiva for the help provided.
Este grupo esta integrado por Ervin,de 33 años de edad el se dedica a la confeccion de trajes,esta solicitando este credito para la compra de materia prima ya que nececita mas capital para poder comprar,mercaderia al igual que la señora tambien se dedica a la misma actividad,por eso esta solicitando este credito para la compra de materia prima para la confeccion de trajes, agradece a kiva por la ayuda brindada.
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