Dúo El Socobal Group
One of the members of El Socobal duo is Marta, who is 23 years old and sells food and corn in her neighborhood, as she has her customers there. In addition to give them good service, she also gives good products. She is engaged in this activity because is the only way she can support her family as well as her husband and the education of her children.
She is requesting this loan to buy staple food products and corn. She hopes to get the help for the loan she requested.
El duo el Socobal esta formado por la señora Marta de 23 años de edad ella vende comida en su colonia y maíz ya que cuentan con sus clientes, y que ademas de darles buen servicio les dan buen producto, ella se dedica a esta activida ya que es la unica forma que tiene para el sostenimiento de sus familia como también de apoyo a sus esposos y la educación de sus hijos,esta solicitando este credito para la compra de productos comestibles de primera nececidad, y para la compra de maiz, 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