Dúo Mujeres Alegres Group
One of the members of Dúo Mujeres Alegres is Sra. Rosa. She is a native of the village of Pacorral in Tecpán, Guatemala. She has been weaving traditional goods by hand for years because it is the only means she has had to help her family. Thankfully, her products sell very well. Her point of sale is in the town market in the area where she lives.
Her dream is to have a larger business in order to earn more income and improve her own and her family’s quality of life. She is requesting this loan to purchase the materials to make traditional woven goods..
Este grupo está conformado por la señora Rosa ella es originaria de aldea pacorral Tecpán Guatemala, se dedica a la elaboración de tejidos típicos a mano, se dedica a esta actividad desde hace años ya que es el único medio que ella ha tenido para ayudar a su familia, gracias a Dios su producto se vende muy bien, su punto de venta es en el mercado municipal de la localidad donde ella vive, el sueño de ella es poder tener un negocio más grande para obtener mejores ganancias y mejorar la calidad de vida tanto para ella como para su familia, está solicitando este crédito para la compra de materia prima para la elaboración de tejidos típicos.
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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