Solidario las Sunamitas: this duo was formed by Francisca, who is 35 years old and cares for her four young children. She is originally from the municipality of San Jose Poaquil, and works making traditional textiles by hand and raising animals. She has worked at this for many years, and she thanks God that through this work she has been able to provide for her children. Her husband works as a laborer and with the income he earns he helps the family with household expenses. She is applying for this loan in order to to buy raw material for the weaving of traditional textiles to sell.
Solidario las Sunamitas este Dúo está integrado por doña Francisca de 35 años de edad tiene bajo su responsabilidad a sus 4 hijos menores de edad, ella es originaria del municipio de San José Poaquil, y se dedica a la elaboración de tejidos típicos a mano y a la crianza de animales, ya tiene varios años de dedicarse a esta actividad y gracias a Dios por medio de este negocio a podido sacar adelante a sus hijos, el esposo de ella trabaja como jornalero y con el sueldo que gana ayuda a su familia con los gastos de la casa, está solicitando este crédito para la compra de materia prima para la confección de tejidos típicos para la venta.
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.