Duo Santa Ana: Ofelia is 37 years old and is originally from Santa Ana Village. She works making snacks (breads with chicken etc.) and she has been doing this activity for the last 12 years which has allowed her and her children to get ahead. She is applying for this loan to buy groceries to make snacks and she hopes that it will help her with her business so she can get ahead.
Dúo Santa Ana: Ofelia de 37 años de edad originaria de Aldea Santa Ana,ella se dedica a la elaboración de refacciones,(panes con pollos etc,)ella se ha dedicado a esta actividad desde hace 12 años y gracias a eso ella junto con sus hijos han podido salir adelante, ella está solicitando este créditos para la compra de productos comestibles para la elavoración de refacciones, espera que le puedan ayudar con su negocio para que ella pueda salir 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.