Duo Mujeres Alegres De Sumpango Group
For the past two years she has earned a living making and selling traditional woven fabrics. She is happy because her previous Kiva loans have greatly helped her business.
On this occasion she is requesting a loan to purchase raw materials to make and sell traditional woven fabrics because she does not have sufficient capital to meet her clients' orders.
She thanks you in advance and hopes that you can continue to assist her in her business.
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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Success!! The loan was 100% repaid