Dolores is a 59 year-old hardworking woman and a member of Duo Mujeres de la Giralda Communal Bank. She has been producing hand-made traditional woven goods for several years, as well as raising animals, since she is a person who lives alone. Day after day, she works hard since her husband has passed away and she has to get ahead on her own. She also sells small Guatemalan tamales and chiles rellenos. She is applying for a loan to buy the basic materials to make her woven goods and the supplies to make tamales.
Duo Mujeres la Giralda. Dolores.tiene 59 años de edad es una señora trabajadora que se dedica a la elaboracion de tejidos tipicos a mano y a la crianza de animales desde hace varios años,ya que ella es una persona que vive sola y ella dia a dia se dedica a su actividad economica ya que su esposo a fallecido y ella a salido adelante por si sola, tambien se dedica a la venta de chuchitos tamales y chiles rellenos, esta solicitando este credito para la compra de materia prima para la confeccion de tejidos y para la compra de insumos para elavorar tamales.
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.