One of the two members of the Aposentos Duo is Sra. Alma Guadalupe who sells groceries and makes traditional woven fabric. She has been earning her living this way for several years and is now seeking a loan to buy more groceries and materials to make more fabric.
Dúo los Aposentos, este dúo esta conformado por la señora Alma Guadalupe quien se dedica a la venta de productos de consumo diario y a la elaboracion de tejidos tipicos, ella se dedica a esta actividad desde hace varios años, esta solicitando este credito para la compra de productos comestibles y compra de materia prima para la elaboracion de tejidos tipicos.
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.