Part of Dúo Flor de Fresa, Rafaela is originally from the town of Vista Bella Tecpan. She has three children and she works making traditional weavings by hand. Day by day she works creating her products since this is the way that she can provide for her children's needs since her husband died a few years ago. She is requesting this loan to purchase supplies for the creation of traditional weavings to sell.
Dúo Flor de Fresa, Rafaela es originaria de la aldea Vista Bella Tecpán tiene 3 hijos y ella se dedica a la elaboración de tejidos típicos a mano, ella día a día se dedica a elaborar su producto ya que es la forma de darles lo necesario a sus hijos ya que su esposo murió hace unos años, está solicitando este crédito para la compra de materia prima para la elaboración 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.