Maria Dolores is a member of the Dúo Chuaquixali group. She is 38 years old, married, and has six children who are school aged. She is originally from San Juan Comalapa. She works making traditional textiles by hand. She has done this work for many years. She is requesting this loan to purchase materials to make traditional textiles. She hopes that this will support her business so that it can continue forward.
Dúo Chuaquixali, este grupo está conformado por la señora Maria Dolores casada de 38 años de edad tiene 6 hijos que están en edad escolar, originaria de San Juan Comalapa, se dedica a la elaboración de tejidos típicos a mano, ella se dedica a esta actividad desde hace varios años, está solicitando este crédito para la compra de materia prima para la elaboración de tejidos típicos, espera que le puedan apoyar en su negocio para que siga adelante.
FAPE, 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.