Solidario Mujeres De Sumpango Group
Marta Julia is one of the members of this group. She is from Sumpango and runs her own business. She is a mother and works hard every day to make progress in life. Her business is sowing crops on her own property and she gets up early every day to tend to them. Marta Julia is requesting this loan to buy seeds and compost for her crops.
Este solidario está integrado por Marta Julia originaria de Sumpango, y tiene su propio negocio ella es madres de familia y lucha cada día por salir adelante, se dedica a sembrar hortalizas y todos los días se levanta desde temprano para poder atender su cultivo ya que está en su propia casa, está solicitando este crédito para la compra de semillas y abono para el cultivo.
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