Dúo Vista Hermosa Group
Francisca Guadalupe is a member of this group. She lives in the village of Vista Hermosa, San Pedro Sacatepéquez. She works selling traditional clothing like blouses, skirts, sashes, fabrics and aprons. She has several orders for fabric and for some skirts but the capital she has is insufficient which is why she’s applying for a new loan to buy more clothes and not disappoint people who know her and she visits and others who seek her out because of the good quality clothes she sells. She’s requesting this loan to buy traditional clothes to sell.
Este grupo está formado por la señora Francisca Guadalupe quien vive en Aldea Vista Hermosa, San Pedro Sacatepequez. Ella se dedica a la venta de ropa tipita como blusas, güipiles, fajas, cortes y delantales. Ella tiene varios pedidos de cortes y algunos güipiles, pero el capital que tiene no le alcanza por eso ella hace una nueva solicitud de crédito para poder comprar mas ropa y así no quedarles mal a las personas que la conocen y que ella visita y otras la buscan por la buena calidad de ropa que vende, esta solicitando este credito para la compra de ropa tipica 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