Duo Belen Group
Maria Ofelia has been selling traditional clothes for the last 7 years. She tells us that she is requesting this loan to buy more product since her clients are asking her for some styles of blouses that she does not have. She also wants to buy and invest in traditional aprons that her customers are asking for.
With her work, she helps her mother with the home's expenses and pays her studies as she couldn't finish her primary education, which now she sees the need to have it. She hopes to get the support that she needs to be able to continue working.
María Ofelia, ella tiene una venta de ropa típica desde hace 7 años nos cuenta que solicita este crédito para comprar más producto ya que le están pidiendo algunos estilos de blusas que ella no tiene entonces quiere comprar e invertir también en delantales típicos que le están pidiendo, ella con su trabajo ayuda a su mama con el gasto de su casa y puede sacar para seguir estudiando ya que no saco su primaria y ahora ve la necesidad de seguir espera que se le apoye para ella poder seguir trabajando.
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