The group is called "Sun and Shadow Duo." Maria Romilia, who is 59 years of age, and dedicated to selling food products that are consumed daily, is a member. She has operated her store for 9 years and, thus, she contributes income to her household economy.
Maria is requesting a loan to purchase more food products that are consumed daily. She hopes that you can help her with the solicited loan.
Dúo Sol y Sombra, este grupo esta conformado por la señora Maria Romilia de 59 años de edad, ella se dedica a la venta de productos comestibles de consumo diario tiene 9 años de tener su tienda y es asi como ella apoya a la economia de su hogar esta solicitando su credito para la compra de productos comestibles de consumo diario 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.