This is the "Dúo los Llanos" group. Lidia Marilu is a very hard-working person who does her best to succeed in her business. She sells jewelry and bedding, such as mattresses, sheets, etc. She also rents chairs and tables for special occasions.
In this way she has been able to help her family. She is applying for the loan to buy more merchandise, such as jewelry and bedding to sell. As well, she will use part of the loan to buy tables and chairs.
Dúo los Llanos, Lidia Marilu es una persona muy trabajadora que se esfuerza para salir adelante con su negocio, ella se dedica a la venta de Joyas, y ropa de cama, como colchas sabanas etc. tambien se dedica al alquiler de sillas mesas para festividades ocacionales, de esa manera a podido ayudar a su familia, está solicitando el crédito para la compra de mas mercaderia en joyas y ropa de cama para la venta, tambien parte del crédito lo utilizará ára la compra de mesas y sillas.
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.