This group consists of Teresa and Neftali, a 30-year-old man who makes a living baking and selling bread. He has dedicated himself to this activity for a number of years and in this way has made headway for his family. He had a previous loan that he paid off without any delay. Now he is requesting this loan to purchase flour, eggs, margarine and butter to bake bread to then sell. He hopes once again you can help him with a loan.
Dúo Gracias y Bendicion, este grupo esta conformado por el señor neftali de 30 años de edad, el se dedica a la elaboracion y venta de pan, el se dedica a esta actividad desde hace varios años ya que de esta forma el a podido sacar adelante a su familia, el ya ha tenido un credito anterior el cual cancelo sin ningun atrazo, ahora el esta solicitando este credito para la compra de arina,huevos,margarina,tec, para la elaboracion de pan y luego venderlo, espera que nuevamente le puedan ayudar con el credito solicitado.
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.