Dúo El Carmen Group
Florinda is the single mother of a four-year-old daughter. Two years ago, she started a business selling propane gas tanks. She lives in Villa Nueva in Guatemala department. She is applying for a loan to invest in her business since she is the only one selling gas in her town. She can afford to buy just ten tanks when the distributor visits twice a week. She wants to buy 15 to 20 more because she only makes 25 percent. If she has more merchandise, her earnings will be greater.
Florinda dreams of having a house made of cement blocks, rather then the one made of wood where she lives now. She hopes that the lenders will fund her loan.
FLORINDA ES MADRE SOLTERA TIENE UNA HIJA DE CUATRO AÑOS, ELLA INICIO SU NEGOCIO HACE DOS AÑOS, SE DEDICA A LA VENTA DE GAS PROPANO, VIVE EN UNA COMUNIDAD DE VILLA NUEVA MUNICIPIO DEL DEPARTAMENTO DE GUATEMALA, ELLA SOLICITA EL CREDITO PARA INVERTIR EN SU NEGOCIO YA QUE POR SER LA UNICA QUE CUENTA CON VENTA DE GAS EN LA COMUNIDAD NO LE ALCANZAN LOS UNICOS DIEZ CILINDROS QUE TIENE POR QUE EL REPARTIDOR LA VISITA DOS VECES A LA SEMANA, ES POR ESO QUE QUIERE COMPRAR DE QUINCE A VEINTE CILINDROS MAS YA QUE LO QUE ELLA GANA ES SOLO EL VEINTICINCO POR CIENTO Y ES POR ESO QUE QUIERE TENER MAS MERCADERIA PARA OBTENER MAS GANANCIAS. EL SUEÑO MAS GRANDE QUE ELLA TIENE ES TENER SU CASA FABRICADA DE BLOCKS YA QUE SU CASA ACTUALMENTE ES DE LAMINA ESPERA QUE LE PUEDAN AYUDAR CON EL CREDITO SOLICITADO.
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