Dúo Mujeres De Cerro Alto Group
This group was formed by Marta Estela who is married and has adult children who no longer live with her. She runs a restaurant out of her home and has been in business for ten years. She also sells ice cream and choco-fruits. She tells us she is requesting this loan to expand her restaurant business because many people want to eat there but there is not enough room for everyone. She needs to add more space and buy tables and chairs to expand her business so she can attend to more customers.
She hopes to receive help from FAPE so she can increase her income.
Este grupo lo forma doña Marta Estela, es casada y ya no tiene hijos pequeños todos ya no viven con ella y es dueña de un comedor(restaurante) ubicado en su vivienda, desde hace 10 años y también tiene una venta de helados y choco frutas, ella nos cuenta que solicita este crédito para ampliar su negocio del comedor(restaurante) ya que gracias a Dios hay varias personas que la llegan a buscar pero por la falta de espacio no puede atender bien por eso necesita hacer espacio y eso implica compra de mesas y sillas y techar para ampliar su negocio y atender a su clientela espera que con la ayuda que fape pueda brindarle ella pueda incrementar sus ingresos.
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