Zoila Lily belongs to the "Duo Santisima Trinidad" group. She is a very responsible person who has a small business. She makes and sells tablecloths and serving cloths of all kinds and designs. She has a stand in the market, and in her free time also sells cosmetics door-to-door. In that way, she has been able to provide for her children.
Now she is applying for this loan to buy tablecloths and serving cloths at wholesale, as if she buys at wholesale they cost her less. She hopes that Kiva can help her in her business.
Santisima Trinidad.Doña Zoila Lily es una persona muy responsable que se dedica al comercio, ella en si se dedica a la elavoracion y venta de manteles para mesa,y servilletas de toda clase y desiño,ella tiene un local en el mercado, tambien en sus tiempos libres ella vende cosmeticos de manera ambulante,de esa manera a podido sacar adelante a sus hijos,ahora ella esta solicitando este credito para la compra de manteles y servilletas por mayo, ya que si ella compra por mayor le cuestan mas varatos, espera que kiva le pueda ayudar en sus 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.