The two member team called February 4th includes Olga, a native of Sumpango, who is married and has children. Every day she works selling clothing and sandals but the days when she sells the most are Saturdays and Sundays because that is when people purchase the most. She comments that things have gone well for her in sales despite there being a lot of competition. She has learned to earn the trust of her customers and for that reason she is asking for aloan since the Holiday season is here and that is when she sells the most. She needs to increase her sales in order to sell more than normal. She is asking for a loan in order to purchase new clothing for sale.
El dúo 4 de febrero está integrado por Olga originaria de Sumpango,es casada y madres de familia, todos los días se dedica a la venta de ropa y sandalias pero los días que aprovechan mas son los días sábados y domingos que es cuando la gente compra más de lo común comenta que le ha ido muy bien con las ventas a pesar de que hay mucha competencia ella ha sabido ganar la confianza de sus clientes por tal razón solicita un crédito ya que se aproxima la época navideña y es en donde vende mas ya que ella necesita aumentar sus compras para así poder vender más de lo de siempre, esta solicitando este credito para la compra de ropa nueva para la venta.
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.