Dúo Perlas Cristalinas Group ("Crystal Pearls Duo") includes Mayra Janeth, 31 years old, who sells staple food items. She has dedicated herself to this business for several years and it is how she helps her family. She dreams of having a larger store but to achieve that she would need to invest more. This is why she is requesting a loan. She will use this loan to purchase staple food products.
Dúo Perlas Cristalinas, Mayra Janeth de 31 años de edad es originaria de Antigua Guatemala,ella se dedica a la venta de productos comestibles de primera necesidad, desde hace años ella se ha dedicado a esta activida ya que de esta forma es como ayuda a su familia,ella sueña con tener una tienda mas grande, pero para eso tiene que invertir mas, es por eso que está solicitando este crédito para la compra de productos comestibles de primera necesidad.
FAPE, 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.