Dúo Solidario Rios De Bendicion Group
This group is comprised of Estelita who is 24-years-old, is single, and works in the sale of cosmetics. In general she has worked in this activity for three years. The business is a good opportunity to not only get ahead, but to get her family ahead.
She is requesting this loan to buy general cosmetics since her business requires more capital because day by day her business is growing. Kiva can help with the requested credit because it will be very helpful to her and her business.
Este grupo esta conformado por la señora Estelita de 24 años de edad es soltera y se dedica a la venta de cosmeticos en general ella se dedica a esta actividad desde hace 3 años, ya que el negocio es una buena oportunidad para superarse no solo ella si no tambien su familia, esta solicitando este credito para la comra de cosmeticos en general ya que su negocio requiere de mas capital porque dia con dia ba creciendo espera que kiva le pueda ayudar con el credito solicitado ya que sera de mucha ayuda para ella y su negocio.
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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