Maria Mercedes, 54, is a member of the communal bank "Duo Solidario Patzicia." She has a business selling beauty products. She's had the business for 25 years, because thanks to God she was given the opportunity to have her own business. She gives thanks to Kiva for the help that she's been provided with in the form of these loans, which has been a great blessing to her and her business. At this time, she is requesting a loan to buy beauty products (cosmetics) to sell, and she's hoping that once again you will help her out with a loan.
Dúo Solidario Patzicia. este grupo esta conformado por la señora Maria Mercedes de 54 años de edad, ella se dedica a la venta de productos de belleza(cosmeticos), se ha dedica a hesta actividad desde hace 25 años ya que gracias a Dios le dio la oportunidad de tener su negocioto, le da gracias a Kiva por la ayuda que le han brindado en los credito ya que ha sido de mucha bendicion para ella y su negocio, en esta oportunidad esta solicitando este credito para la compra de productos de belleza(cosmeticos) para la venta, y esperando que ustedes nuevamente 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.