Dúo El Calvario Group
Ligia is originally from San Martin Jilotepeque and is the proprietor of a mototaxi. She tells us that she’s had this business for many years as it’s a way to earn income in order to help her family. She’s requesting this loan to buy spare parts for her mototaxi. She hopes that with your help, she and her family can get ahead.
Doña ligia es originaria de San Martin Jilotepeque, es propietaria de un moto taxi, nos comenta que desde hace varios años se dedica a esta actividad ya que es una forma de ayudar a su familia por medio de las ganancias que obtiene de su moto taxi, está solicitando este crédito para la compra de repuestos para su vehículo, espera que por medio de ustedes ella y su familia puedan salir adelante.
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