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Anonymous Group
In this Group: Anonymous, Anonymous
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Additional Information

About FAPE

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.

About Guatemala

  • $5,300
    Average annual income
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $9,892,100
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD
Ended with Loss - Defaulted
A portion of Anonymous Group's $525 loan helped a member to purchase materials for the tailoring of articles of clothing.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Apr 6, 2012
Currency Exchange Loss:
Possible
Defaulted:
May 2, 2014