Dúo Concepcion De Maria Group
This group includes Hortencia, who has worked for eight years selling traditional items of clothing like cortes [traditional woven skirts], güipiles [traditional woven blouses], and aprons. She sells out of her home and, on weekends, in the villages surrounding Vista Hermosa.
Hortencia needs another loan to stock her business because she has orders that her customers have made. Her wish is to keep moving forward and to be able to be an economic help, supporting her children in their studies.
She is requesting this loan to buy traditional clothing to sell.
El grupo está conformado por las siguientes personas quien es Hortencia se dedica a la venta de ropa típica (cortes, Güipiles, delante.) desde hace 8 años su venta lo tiene ubicado en su domicilio y los fines de semana en las aldeas que se encuentran ubicadas alrededor de vista hermosa, por lo mismo necesita otro crédito para surtir más en su negocio por que tiene pedidos que le han hecho sus clientes su deseo es seguir adelante y poder ser una ayuda económica y darle el apoyo en el estudio a sus hijos,esta solicitando este credito para la compra de ropa ripica 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