Dúo Jordan Group
Jennifer, 21, is married. She started her business two years ago when she finished with school. Because of the difficulty there is in finding employment she decided to go into sales and with her parents’ help she invested in school supplies and now she has a mini-bookstore and variety store. She’s very happy because thanks to God she’s going very well in her business. She’s asking for this loan because the school term is approaching and she wants to be ready to meet customer needs. She’s asking for the loan to buy school supplies to sell.
Jennifer es casada tiene 21 años de edad, ella inicio su negocio hace dos años cuando termino de estudiar por la dificultad que hay de encontrar un trabajo tomo la decisión de dedicarse a las ventas y con ayuda de sus padres invirtió en la venta de útiles escolares y ahora ella tiene una mini librería y miscelánea y esta muy feliz porque gracias a Dios le esta yendo muy bien en su negocio, ella esta solicitando el crédito ya que la época escolar se aproxima y quiere estar preparada para satisfacer las necesidades de sus clientes,esta solicitando este credito para la compra de utiles escolares para la venta.
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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