Dúo Cruz Blanca Group
Her business is a shop selling everyday food products and a cafeteria that she runs inside her house. She needs another loan to purchase food products such as corn, beans, and Christmas products at a low price so that she will have them in stock. Her wish is to continue increasing her sales and to be able to give her son what he needs.
El grupo está conformado por la señora Sandra Beatriz quien tiene 35 años de edad y vive en la aldea Cruz Blanca de San Juan Sacatepequez su negocio es una tienda de productos comestibles de consumo diario y un comedor que tiene ubicada en su casa, necesita otro crédito para la compra de productos comestibles como por ejemplo (compra de maíz , frijol, maíz, y productos navideños) para poder tener en bodega y comprarlo a un precio favorable , su deseo es seguir creciendo en su venta y poder darle a su hijo lo necesario.
About FAPEFAPE, 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.
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Success!! The loan was 100% repaid