Maudelia is married and has 3 children. She has a business where she sells fried pork rinds 3 days a week. On the other days, she sells pewter tableware, plates and pans on credit in her neighborhood, which is located in the Villa Nueva municipality of Guatemala. She is requesting a loan to invest, because this is a good season for sales, and her lack of capital is preventing her from satisfying the needs of her customers. She thanks God for being provided with this opportunity to get ahead, because in these times it's very difficult to have a job where she can satisfy the needs of her family.
Maudelia es casada, tiene 3 hijos, se dedica a la venta de chicharrones tres veces a la semana y los otros días se dedica a la venta de vajillas de peltre planchas y sartenes por abonos en su colonia que esta ubicada en el municipio de villa nueva departamento de Guatemala, solicita el crédito para invertir ya que esta es una temporada en la que las ventas aumentan y la falta de capital le impide satisfacer las necesidades de sus clientes, agradece a dios la oportunidad que se le brinda para que ella pueda salir adelante ya que en estos tiempos es muy difícil tener un empleo para satisfacer las necesidades de su familia.
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.