Dora Carmelita is part of the Duo Lirio de los Valles. She is originally from San Martin Jilotepeque, an area known for agriculture and traditional fabrics, which she takes advantage of since she has worked making traditional fabrics for more than five years. She is a person who has demonstrated responsibility and punctuality with her payments. She is requesting this loan to purchase primary materials to make traditional fabrics to sell.
Dúo conformado por dora carmelita, originaria de San Martin jilotepeque un área en el que se comercializa mucho la agricultura y los tejidos típicos y ella lo ha sabido aprovechar, ya que ella se dedica desde hace más de cinco años a la elaboración de tejidos típicos, ella es una Persona que ha mostrado responsabilidad y puntualidad en sus pagos. Solicita el crédito para la compra de materia prima para la elaboracion y venta de tejidos tipicos para la venta.
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.