Duo La Bonita Group
Vicenta, the representative of the duo, is the mother of five adult children. She earns her living selling refreshments and tortillas in a factory located a few kilometers from her house and also sells new clothes from her home. Every day she gets up at 3 in the morning to be able to begin preparing her things to sell in the morning. She always makes a variety of refreshments so she can sell more. She is requesting this loan to buy the ingredients to make her refreshments.
Regina sells athletic clothing.
Regina es vendedora de ropa deportiva.
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