Doña María Luisa, 47 years old, is part of Duo Solidario Concepción. She is a widow, and lives with her son and her daughter-in-law, her son's wife. Doña María has a tortilla-making business with 2 employees who help her make the tortillas. The business is located on Calle Real in the Old City.
She is requesting a loan in order to purchase inputs such as corn and firewood and save money by buying wholesale, as she has a lot of demand from her customers. Her dream is to be able to improve her business and sell other kinds of food, as her customers request, and also have another tortilla stall, and with this be able to build her house.
Duo Solidario concepción, está formado por doña María luisa de 47 años quien es viuda ella vive con su hijo y su nuera o sea la esposa de su hijo, doña Maria posee una tortillería y cuenta con 2 empleadas que le ayudan a elaborar las tortillas, el negocio esta ubicado en la calle real de ciudad vieja. ella solicita su crédito para poder comprar insumos como (maíz, leña) y lograr ahorrar comprando por mayor ya que tiene demanda de sus clientes, su sueño es lograr poder mejorar su negocio y tener una venta de comida ya que se lo solicitan sus clientes,y también tener otra tortillería y con esto poder construir su casa.
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.