Dúo Rositas De San Mateo Group
María Salome, 54, is from the community of San Mateo Milpas Altas. She sells food every day across from the San Mateo park. She had 10 children nine of which are married and one, a 12-year-old son, is still in her care. Her dream is that her youngest son completes his schooling since he’s about to start basic education next year.
María is requesting this loan to invest in her food sales business. She needs to buy ingredients to make the food. She normally uses firewood to cook and her space is small so she will also use part of the loan to buy an industrial stove. She hopes that she’ll be able to get this support she needs to get ahead with her business and family.
En la comunidad de san mateo milpas altas, encontraremos a doña María Salome, de 54 años de edad se dedica a la venta de comida todos los días frente al parque de San Mateo, ella tuvo 10 hijos ahora 9 estan casados y 1 a su cargo su hijo tiene 12 años y el anhelo de ella es que su hijo termine sus estudios ya que el próximo año comienza sus básicos ,doña María está solicitando el crédito para invertir en su venta de comida, necesita comprar productos comestibles para la elaboracion de comidas normarmelte utiliza leña para cocinar y su espacio es pequeño, por lo que tambien parte del credito lo utilizará para comprar una estufa industrial, ella espera que le puedan dar ese apoyo que ella necesita para salir adelante con su familia y su negocio.
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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