Dúo Santa Fe Ocaña Group
The leader of this group is Ricardo, 29, who cultivates roses. He lives in the rural community of Santa Fe Ocaña which is a place of natural beauty. He has been in business for nine years and owns several rose plantations. He is grateful to his parents for the education they gave him and for teaching him to be a man of good will.
He is in need of buying insecticide to treat plant disease, as well as fertilizer for the roses. He does not have enough money to buy the quanity he should, so he is requesting a loan to be able to give the crops the attention they need. He hopes to be an important businessman like his father, who he admires very much.
El encargado de este grupo es el señor Ricardo quien tiene 29 años de edad y se dedica a la siembra de rosas, el vive en caserío Santa Fe Ocaña un lugar donde la naturaleza es hermosa. El tiene 9 años de iniciar su propio negocio y ya cuenta con varias plantaciones de rosas la cual está muy agradecido con sus padres por sus enseñanzas y así poder ser un hombre de bien. El necesita comprar muchos insecticida, líquidos para matar las plagas de la siembra, también necesita abonar las rosas y debe comprar quintales de ellos, el dinero que tiene no le alcanza por tal motivo hace una solicitud de crédito para poder sacar adelante la cosecha con lo que necesita. Desea ser un gran empresario como su padre la cual el admira mucho.
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