Dúo Cristo Vive Group
María Consuelo, 42, lives in San Juan Sacatepequez. She’s a widow and her business is a grocery store selling daily use items (soap, noodles and snacks). She started it 8 years ago with help from her husband. In time the business has grown and now she needs a loan to stock it. She has two children attending school and her wish is that they improve and that the business continues to grow. She’s requesting this loan to buy basic staple foodstuffs.
El dúo está conformado por la señora Maria Consuelo de 42 años de edad vive en san Juan Sacatepequez ella es viuda su negocio es una tienda de consumo diario (Jabón, pastas y golosinas ) desde hace 8 años que inicio con la ayuda de su esposo con el tiempo fue creciendo en su negocio y ahora necesita un crédito para surtir su negocio tiene dos hijos que aun estudian su deseo es que sus hijos se superen y su negocio siga creciendo. está solicitando este crédito para la compra de productos comestibles de primera necesidad.
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