Sr. Ervin is a member of Dúo Luz del Sol group. He is a tailor who makes formal wear. He has been engaged in the business for eight years and thanks God that it has gone well. He is requesting his second loan because of the need to purchase more fabric to make his goods. He is looking to God to provide the support he needs for his business.
Dúo luz del sol, este grupo esta conformado por el señor Ervin quien se dedica a la sastreria o confeccion de trajes de vestir, tiene ya 8 años de dedicarse a esta actividad, y gracias a Dios le ha ido muy bien, esta solicitando su segundo credito ya que esta bes nececita compra telas para elaborar los trajes, es por esa razon que esta solicitando este credito espera en Dios que le puedan brindar ese apoyo que el nececita para su negocio.
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.