Duo La Joya 2 Group
Her youngest daughter tends to the business starting at six in the morning. She does this because Modesta travels to where they sell all types of vegetables at the Terminal market. She does this every day at three in the morning. In the afternoon she tends to her the sale of daily consumption products while her daughter goes to her basic level classes.
She is requesting this loan to buy food products and to buy vegetables.
Es integrada por las señoras Modesta de 51 años de edad y María paula de 30 años de edad, doña Modesta tiene una venta de consumo diario en su domicilio desde hace 6 años, el negocio es atendido por su hija menor quien atiende el negocio desde las 6 de la mañana ya que doña Modesta viaja todos los días a las 3 de la mañana al mercado de la Terminal a la venta de verduras de todas clases y por la tarde atiende la venta de consumo diario mientras su hija asiste a sus clases de nivel básico, está solicitando este crédito para la compra de productos comestibles y para la compra de verduras.
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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Success!! The loan was 100% repaid