One of the members of this group is Ludy Leticia. She is 37 years old, married and has two children, one of whom is still in school. Her business is selling kitchen utensils, children's outfits and sandals. She has been in this business for two years and would now like to expand her range by purchasing some ladies' sweaters. Her dream is to help her family out financially so that her children can continue studying. She is requesting this loan to buy different designs of sweaters and some kitchen utensils.
Duo Celeste este grupo esta integrado por la señora Ludy Leticia, de 37 años de edad es casada y tiene dos hijos uno aun estudia,ella se dedica a la venta de utensilios de cocina, trajes para niños y sandalias ella se dedica a esta actividad desde hace dos años, y ahora desea surtir con suéteres para damas. el sueño de ella es ayudar económicamente a su familia e hijos para que sigan estudiando, esta solicitando este credito para la compra de sueteres en diferentes diseños y para la compra de utencilios para cosina.
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.