Duo La Union Group
One of the members of Dúo la Unión. is Sra. Celia Antonieta, who is a native of Tecpan, Guatemala. She has three minor children and has been doing this work for several years since it is the only means she has had to get ahead and provide her children with what they need. Her dream is to have a larger business so that she can give her children a better future through the profits from her business.
Celia Antonieta is requesting this loan in order to purchase basic material to make traditional woven goods to sell.
Este dúo está integrado por la señora Celia Antonieta ella es originaria de tecpan Guatemala tiene 3 hijos menores de edad desde algunos años ella viene realizando este trabajo ya que es el único medio que ha tenido para salir adelante y darles lo necesario a sus hijos el sueño de ella es tener un negocio más grande para poder darles un futuro mejor a sus hijos por medio de las ganancias de su negocio. Está solicitando este crédito para la compra de materia prima para la confección de tejidos típicos para la venta.
About FAPEFAPE, 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.
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