The “Jesua” Group consists of two ladies. Doña Catalana is 34 years old, originally from San Juan Sacatepéquez, and the leader of this group. For the past two years, she has been selling snacks, candy, sodas, and fruit at a diversified school in San Juan Sacatepéquez. She is requesting a loan in order to by food products to sell.
Es integrado por las señoras Catalina de 34 años de edad, originaria del municipio de San Juan Sacatepéquez, doña Catalina líder de este dúo quien se dedica desde hace dos años a la venta de refacciones, golosinas, gaseosas, y frutas en el instituto de nivel diversificado de San Juan Sacatepéquez, esta solicitando este credito para la compra de productos comestibles 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.