Dúo Flor Xesujence Group
Ana Maria is a native of San Francisco, San Martin Jilotepeque. She is a very hard-working woman and she makes a living in hand weaving traditional fabrics. This is how she helps with the expenses in her household.
She is requesting this loan to purchase raw material for the production of traditional handmade fabrics. She expects and hopes that, through FAPE, Kiva can help her invest more in 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