Marta Estela is a member of the 'Dúo Esferzate Y Se Valiente' [Be Strong and Courageous Duo]. She makes typical woven fabrics, and she also makes hand embroideries. Her dream is to be able to continue growing in her business. This is the only way she is able to help her family. She is requesting this loan to buy raw material to weave typical textiles by hand.
Dúo esfuerzate y se valiente. este grupo esta conformado por la señora Marta Estela quien se dedica a la elaboración de tejidos tipicos, tambien elabora bordados a mano, el sueño de ella es poder seguir creciendo en su negocio ya que solo de esa forma es como puede ayudar a su familia, está solicitando este credito para la compra de materia prima para la elaboracion de tejidos tipicos a mano.
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.