Dúo Damas Laboriosas Group
Sra. Sara Del Rosario is 42 years old and originally from Antigua, Guatemala. She sells secondhand American clothing. Sara has been in business for five years and it has enabled her to move forward little by little. With her earnings, she is able to help her son who is studying at the university.
Sara is requesting a loan in order to buy secondhand clothing to sell.
La señora Sara Del Rosario, de 42 años de edad, es originaria de Antigua Guatemala, se dedica a la venta de ropa de segunda mano(ropa Americana) ella se dedica a esta actividad desde hace 5 años ya que por medio del negocio se han ayudado bastante y poco a poco han podido salir adelante, ya por medio de sus ingresos ayuda a su hijo que está estudiando en la universidad, está solicitando este crédito para la compra de ropa de segunda mano 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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Success!! The loan was 100% repaid