Dúo Patzanes 3 Group
María Elizabeth is part of this Duo. She’s married and has four children still living with her; two of them are still attending school. She owns two dairy cows that produce milk she sells by the liter in her neighborhood every day; she also makes cream and cheese that she’s been selling to stores for a long time. She also has pigs and this is why she’s requesting the loan to buy feed for her animals (cows and pigs) to invest in her animals because they need feed concentrate and vitamins so they will continue producing sufficient milk.
Este dúo lo forma María Elizabeth quien es casada y tiene 4 hijos que aun viven con ella y 2 de ellos están estudiando todavía, además es dueña de dos vacas que le proveen leche, y luego ella lo vende todos los días en su sector por litro también hace crema, y queso que sale a surtir en las tiendas desde hace mucho tiempo, tambien tiene cerdos y por eso que solicita este préstamo para la compra de alimentos para sus animales (vacas y cerdos)y asi invertir en sus animales porque necesitan concentrado y vitaminas para que siguen dando suficiente leche.
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