One of the two members of the Cristo Vive group is 43-year old María Consuelo. She has run a store selling groceries such as pasta, soap etc. for eight years. Now she needs another loan to buy more stock for her store such as corn, beans, and other daily necessities. Marīa’s greatest wish is to continue growing her store so that she can help her three children get ahead. She hopes that the loan she is seeking will be forthcoming.
DÚO CRISTO VIVE
El grupo está conformado por la señora María Consuelo tiene 43 años de edad el negocio que tiene es una tienda de productos comestibles de consumo diarios (pastas, jabón, etc.) desde hace 8 años tiene su negocio y necesita otro crédito para poder surtir de mas marcaderia en la compra de maíz y frijol y algunos productos de consumo diario el deseo de ella es seguir creciendo con su negocio para sacar adelante a sus 3 hijos, espera que le puedan ayudar con el credito solicitado.
FAPE, 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.