Dúo San Juan Group
Gloria Antonieta is from San Juan Comalapa. She has five children in her care and she works manufacturing traditional textiles by hand (sheaths and skirts). She’s a woman who strives daily to move her family forward which is why she’s requested this loan to buy raw materials to make hand woven traditional textiles. She hopes Kiva will be able to give her this support she needs to continue moving forward with her business.
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