This group, Dúo el Exito (The Success Duo) was formed by Señora Irma Leticia. She has been growing corn for a number of years. With the support of her husband, she has made progress. She is grateful for the help offered by the previous loan. Now she is applying for this loan to purchase seeds and compost to grow corn.
Dúo el Exito, este grupo esta formado por la señora Irma Leticia ella se dedica a la siembra de milpa desde hace varios años, con el apoyo de su marido ella a salido adelante les agradese por la ayuda brindada con el credito anterior, ahora ella esta solicitando este credito para la compra de semillas y abono para el cultivo de milpa.
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.