María Luisa is part of the duo, "Duo Flores de Sumpango. She is 47, is a mother, and makes a living by selling basic food products. She own a store where she sells these products. She also makes and sells traditional clothing. This is how she helps her family get ahead and why she is requesting a loan to buy more merchandise to purchase supplies to make her woven, traditional goods. She hopes that she receives this help so she can get ahead with her business little by little.
Duo Flores de Sumpango, este duo esta integrado por la señora Maria Luisa,de 47 años de edad,ella es madre de familia, ella se dedica a la venta de productos comestibles de primera nececidad,ella es dueña de una tienda, en donde vende dicho producto,a demas de tener su tienda tambien elavora y vende ropa tipica, es de esa forma como ella ayuda a su familia a salir adelante,es por eso que ella esta solicitando este credito para la compra de mas meraderia ya la compra de materia prima para la elavoracion de tejidos tipicos, ella espera que se le pueda ayudar para que ella poco a poco baya saliendo adelante con su negocio.
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.