Mayra Elizabeth, 20, is part of this group. She works selling bread mornings and afternoons. She’s very happy because her business is growing every day. She’s requesting this loan to buy flour and condiments needed to make and sell bread. She hopes that you will be able to help her with the requested loan because it will be of great help for her and her business.
Solidario Mary de Patzun, este grupo esta formado por la señora Mayra Elizabeth de 20 años de edad, ella se dedica a la venta de pan, en las mañanas y por la tardes, esta muy contenta porque su negocio dia con dia ba creciendo, esta solicitando este credito para la compra de arina y condimentos para la elaboracion y venta de pan espera que le puedan ayudar con el credito solicitado ya que sera de mucha ayuda para ella y para su negocio.
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.