María Verónica, 25 years old, is a member of Duo San Vicente and is originally from the town of San Juan Sacatepéquez. Maria Verónica, who is the leader of this group, started her business in the sale of towels and typical clothing 5 years ago. Weekly, she makes 12 dozen towels which are distributed to other areas by another business woman. It is for that that she is requesting this loan for the purchase of towels, and typical clothing. She hopes that kiva can help her with the requested loan to continue with her business.
DUO SAN VICENTE
Es integrada por las señoras María Verónica 25 años es originarias del municipio de San Juan Sacatepéquez, Maria Verónica líder de este grupo quien desde hace 5 años inicio su negocio en la venta de servilletas, y ropa típica, doña Verónica realiza semanalmente la entrega de 12 docenas de servilletas los cuales son distribuidos en otros departamentos por otra señora negociante, es por eso que esta solicitando este crédito para la compra de servilletas, y ropa tipica, espera que kiva le pueda ayudar con el crédito solicitado para continuar 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.