Dúo Cristo Libertador Group
Elba Araceli is from Tecpan, Guatemala. She is 35 years old and has a three-year-old son who is under her care. She makes traditional textiles by hand, as well as raising chickens and selling natural medicine. She started this business several years ago, because this is the means she has to provide for her family.
Her husband works as a day laborer. Thanks to his support, she continues to move forward with her business.
Her dream is to expand her business and offer a greater variety of fabrics to her clientele, in order to obtain a higher income and send her children to school. She has applied for this loan to buy materials to make textiles and to buy natural medicine to sell.
Doña Elba Araceli es originaria de Tecpan, Guatemala tiene 35 años de edad bajo su responsabilidad esta su hijo de 3 años de edad, ella se dedica a la elaboración de tejidos típicos a mano y a la crianza de pollos, y tambien a la venta de medicina natural.
Desde hace algunos años ella ha empezado con esta actividad ya que es el medio que tiene para salir adelante con su familia.
El esposo de ella trabaja como jornalero y gracias al apoyo de el ella sigue adelante con su negocio.
El sueño de ella es ampliar mas su negocio y ofrecer mas variedad de tejidos a su clientela para obtener mejores ganancias y mandar a sus hijos a la escuela, esta solicitando este credito para la compra de materia prima para la elaboracion de tejidos y compra de medicina natural para la venta.
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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