One of the members of the "Mujeres de Sumpango" communal bank is María Luisa, a mother from Sumpango who sells food for a living. She makes different dishes and serves 120 lunches per day. She is thankful to be able to sell everything on a daily basis making her business profitable, despite the competition she has always had. This is her third loan through FAPE and she has always been punctual making her payments. She is grateful to KIVA for its help over the last two years. She is committed to paying this loan back on time as on previous occasions. She plans to use the loan to buy food products to make lunches.
Solidario Mujeres de Sumpango.
En este solidario lo integran María Luisa, madre de familia además es originaria de Sumpango, es dueña de una venta de comida, y siempre prepara distintos platillos para vender, tiene que hacer un total de 120 almuerzos diarios y que gracias a Dios siempre lo termina a pesar de la competencia su negocio siempre ha sido prospero, es el tercer crédito que solicitan con fape y siempre ha pagado puntualmente, además agradece a KIVA por la ayuda brindada en lo dos años anteriores. Además promete pagar puntualmente en cada pago asi como lo hiso en los anteriores creditos. esta solicitando este credito para la compra de mercaderia en productos comestibles de consumo para elaborar almuerzos.
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.