Dúo San Antonio Aguas Calientes Group
Irma Elisa's dream is to be able to sell more of her weavings in other departments [of Guatemala]. She is requesting her loan for the purchase of materials for creating her weavings like thread in a variety of colors and thread for the warp [the lengthwise threads held in tension over the loom]; that way, she will be able to help her family by making more huipils and satisfying her customers, as she has several orders for weavings.
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