Dúo La Flor Que Ayer Plante Group
Maria Josefa is a member of the Dúo group. She owns a grocery store, where she has worked for more than 10 years. She is constantly struggling to get ahead in life and provide well for her children. Maria Josefa is also grateful to FAPE for the help that they have given her. She is applying for a loan to buy more stock for her grocery store, in order to improve her business and get on in life.
EL DUO ESTA CONFORMADO POR MARIA JOSEFA POSEE UNA TIENDA DE CONSUMO DIARIO EN LA CUAL LLEVA YA MAS DE 10 AÑOS DE TRABAJAR EN ELLA. ESTA LUCHANDO POR SALIR ADELANTE Y DARLE LO MEJOR A SUS HIJOS. TAMBIEN AGRADECE A FAPE LA AYUDA QUE LE HA BRINDADO. SOLICITA EL CREDITO PARA LA COMPRA DE MAS MERCADERIA EN PRODUCTOS COMESTIBLES Y ASI SUPERARSE Y ASI SEGUIR ADELANTE.
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