The group Duo Triunfadoras de San Juan is made up of two women, one of whom is Irma Yolanda. She sells a variety of clothing and footwear from catalogs, and a variety of stuffed animals. For the past six years she has been selling her products door-to-door in different villages close to where she lives. She is seeking another loan so that she can have a variety of clothing and footwear to sell and thus be able to satisfy her customers. She wishes to keep growing her business and have her own shop in a central area.
DUO TRIUNFADORAS DE SAN JUAN
EL grupo está conformado por las señora quien es Irma Yolanda quien se dedica a la venta de ropa, calzado y ositos de peluches en variedad, desde hace siete años ella es vendedora ambulante en las diferentes aldeas donde ella vive necesita otro crédito para tener diversidad de producto en ropa y calzado y poder satisfacer a sus clientes el deseo que tiene es seguir creciendo y lograr tener un local propio en un lugar central,
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.