Dúo Abejitas De Santo Tomas Group
Ana Lucrecia, 37, sells clothes like pants, shirts, t-shirts, blouses, underwear and shoes via catalogue for women, men and children. She does this activity from place to place in San Tomas, Milpas Altas. She has three children, two boys and one girl who all attend the local elementary school. She’s requesting the loan to buy more clothing merchandise in varied sizes and styles to stock her business and she hopes that Kiva will be able to help her with the requested loan.
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