Duo San Raymundo Group
This duo includes Miriam Leonor, 29 years old. She is single and has been the owner of a small store located at the entrance of San Raymundo for a year and a half. She tells us that for a few months now she has been thinking about getting a loan, but that circumstances haven't permitted her.
Now she wants FAPE and Kiva to be able to help her now that her store needs some food products for daily consumption that she still doesn't have in her store due to lack of money.
Lorena, 26 years old, is also part of the duo. She has 3 children, and is requesting this loan to buy merchandise for her store.
Este dúo está formado por Miriam Leonor, de 29 años de edad, ella es soltera, y es dueña de una pequeña tienda ubicada en la entrada de San Raymundo, desde hace año y medio y nos cuenta que desde hace varios meses ha estado pensado en adquirir un crédito pero que las circunstancias no se lo han permitido ahora quiere que Fape Y KIVA pueda apoyarla ya que su tienda necesita de algunos productos comestibles de consumo diario que aun no tiene en su tienda por falta de dinero, también esta doña Lorena, de 26 años de edad tiene 3 hijos,Y ella esta solicitando este credito para compra de mercaderia para su negocio.
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