Haydee is a member of the Vicion de Fe Duo. She is 42 years old and has been making tortillas for three years. She is very happy because she hopes that through Kiva, she will be able to continue with her business. She has applied for this loan to buy corn to make tortillas, which she will then sell.
Dúo Vicion de Fe, este dúo esta integrado por la señora Haydee de 42 años de edad ella tiene ya 3 años de dedicarse a esta actividad, se siente muy contenta porque espera que por medio de Kiva ella pueda seguir con su negocio, esta solicitando este credito para la compra de maiz para la elaboracion de tortillas 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.