Sras. Ingrid and Irma are the two members of the Cristo Rey group. They are from Sumpango, Sacatepequez. Both are mothers and have separate businesses. This is their second loan. They paid off their first one very well. They need this loan to invest in their weaving businesses; they wish to buy yarn since they always have orders to fulfill.
Ingrid and Irma are grateful for Kiva’s help which has helped their families to get ahead. They promise to make the repayments punctually.
Este dúo está integrado por las señoras Ingrid e Irma, son originarias de Sumpango, Sac ambas son madres de familia y además cada una tiene un negocio distinto este es el segundo crédito que están solicitando y pagado muy bien en cada cuota, este crédito lo necesitan para poder invertir en tejidos y en compra de telas ya que siempre tienen varios pedidos. Además agradecen la ayuda de kiva pues les ha ayudado a sacar adelante a su familia por lo que prometen pagar puntualmente en cada cuota.
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.