Dúo Mujeres De Patzanes Group
She is seeking this loan in order to buy daily-use products for the store and food for her chickens and pigs, since she needs to fatten them a little more in order to sell them for the Christmas season.
Este grupo lo forma la señora María Yolanda, es la líder del grupo y nos cuenta que es dueña de un pequeño molino ubicado en su comunidad,tambien vende productos de consumo diario y tiene pollos, y marranos en su casa desde hace 8 años, y solicita este crédito porque necesita compra productos de consumo diario y discos para su molino ya que están muy gastados y tiene que cambiarlos además tiene que comprar comida para sus gallinas, y marranos porque necesita engordarlos un poco más para venderlos en la época navideña.
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