Dúo El Atardecer Group
This duo is made up of 29 year old Sandra, married and a mother, and Reina who works to support her sick mother. Reina sells fruits and vegetables from a stall in the local Sumpango market and has been doing this for eight years. She is asking for this loan to buy more fruits and vegetables to sell. She hopes to get ahead in her business with your help and a loan.
Este duo esta conformado por Sandra de 29 años de edad es casada y madre de familia Reina trabaja para poder mantener a su madre quien esta enferma, Reina tiene un puesto de frutas y verdura en el mercado local de Sumpango, ella tiene 8 años de dedicarse a esta actividad, y esta solicitando este credito para la compra de mercaderia en verdura y frutas para la venta, espera que por medio de ustedes atravez del credito y asi ella pueda salir adelante en su negocio.
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