Dúo Los Eucaliptos Group
Elida is married and has five children, all of whom attend school near her community. She sells everyday consumer products and, thanks to the first loan, now she also sells used clothing in her home.
She's doing well because with her profits from her business she can help her husband with the household expenses. They're a large family and these days it costs a lot to meet the family's needs.
She's requesting the loan to continue investing in her business by buying groceries and a small amount of clothing merchandise to sell.
Elida es casada, tiene cinco hijos de los cuales todos asisten al colegio cerca de su comunidad, tiene una venta de artículos de consumo diario, y gracias al primer crédito ahora vende ropa de paca también en su domicilio, ella se siente muy bien ya que con las ganancias que obtiene en su negocio puede ayudar a su esposo con los gastos de la casa ya que son una familia muy numerosa y en estos tiempos cuesta mucho satisfacer las necesidades de la familia, ella solicita el crédito para seguir invirtiendo en su negocio,en la compra de productos comestibles y un poco de mercaderia en ropa 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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Success!! The loan was 100% repaid