Sra. Maria Elena is a member of the Dúo Las Iluciones group. She sells natural medicinal products and has had this business for the past 10 years. During this time, thankfully, she has gradually achieved success.
She is requesting this loan to purchase more natural medicinal merchandise so that she can increase her sales. She hopes that Kiva can help her with the loan she needs.
Dúo las Iluciones, este grupo esta conformado por la señora Maria Elena Quien se dedica a la venta de productos medicinales naturales, ella se dedica a esta actividad desde hace 10 años, gracias a Dios durante este tiempo se a superado poco a poco, está solicitando este credito para la compra de materia prima para la compra de mas mercaderia en productos medicinales naturales, ya que de esa forma podra aumentar sus venta espera que kiva le pueda ayudar con el credito solicitad.
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.