Norma's a native of San Andrés Itzapa. She's a very hardworking person who strives every day. She gets up very early to sell her product, which is milk. She has to get up early to make the most of the morning because after this she works making and selling tortillas.
She's requesting this loan to buy corn to make tortillas because to get more profits she needs to invest more.
Dúo Redentor en Dios, Doña Normas es originaria de San Andres Itzapa es una persona muy luchadora y trabajadora todos los dias desde muy temprano se levanta a vender su producto que es leche, y tiene que madrugar para aprovechar la mañana, ya que despues de esta actividad se dedica a la elaboracion y venta de tortillas, ella está solicitando este crédito para la compra de maiz para la elaboracion de tortillas ya que para generar mas ganancias necesita invertir más
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.