One of the members of this two-person group is 41-year-old Maria Luz who hand-makes and sells traditional woven products. In addition, she also raises animals (chickens). She works in this business as it is the only way she has of making progress. She has young children who are in school. Maria Luz is requesting this loan to buy more raw materials and chickens as this is the only way to further expand her business and continue supporting her children in their studies.
Duo San Carlos.este Duo esta integrado por la señora Maria Luz tiene 41 años de edad,ella se dedica a la elavoracion y venta de tejidos tipicos a mano, a parte de esta actividad ella tambien se dedica a la criaza de animales(pollos)ella se dedica a esta activida ya que es el unico medio que tiene para salir adelante tiene sus hijos pequeños menores de edad y estan estudiando,ella esta solicitando este credito para la compra de mas materia prima, y tambien para la compra de pollos ya que es la unica forma de ampliar mas su negocio y seguir apoyando a sus hijos en sus estudios.
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.