Gloria Florencia, 35, is a member of the “Los Chajones” Duo. She’s been working for the last 4 years selling basic staple items (store). It was very difficult for her when she started her business because she didn’t have much working capital so she called on Kiva and they helped her with the business and it’s gradually grown. She’s asking for this loan to buy basic staples to sell. She thanks you for the support she’s gotten and may God bless you.
Dúo Solidario los Chajones, este grupo esta conformado por la señora Gloria Florencia de 35 años de edad, se dedica desde hace 4 años a la venta de productos de consumo diario(tienda)cuando inicio su negocio le costo mucho ya que no tenia mucho capital para trabajar y acudio a Kiva y le ayudaron en su negocio y poco a poco ha hido creciendo, esta solicitando este credito para la compra de productos de granos basicos para la venta, y les agradese por la ayuda que le han brindado y que Dios los bendiga.
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.