Ofelia is a member of the Dúo Rios de Bendición group. She is 51 years old and has worked for many years raising different types of animals in order to support her family. She gives thanks to God for giving the opportunity to take out this loan since she needs to purchase more animals to raise. When they are grown she will sell them and obtain more income. She is grateful for the help provided.
Dúo Rios de Bendición, Este Grupo está integrado por la señora Ofelia de 51 años de edad ella se a dedicado desde hace muchos años atras a la crianza de animales de diferentes clases solo asi a podido sacar adelante a su familia, le da gracias a Dios por haberle dado la oportunidad de un credito ya que lo necesita para la compra de mas animales para la crianza y ya cuando estan grandes venderlos para obtener mejores ganacias, desde ya les agradese la ayuda brindada.
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.