Dúo Monte Horeb Group
Blanca says she's requesting this new loan to invest in the store she has had in her house for 30 years. She also has a mill and needs to buy some discs for it because the ones she has are worn out. They're somewhat expensive, so she hopes Kiva can help her with a loan to invest in her business.
She also wants to buy sweets and staple items such as corn, beans, instant soup, pasta, soap, etc.
Este dúo está integrado por doña Blanca, quien es la líder y nos cuenta que solicita este nuevo crédito para invertir en su tienda ubicada en su casa desde hace 30 años, además tiene un molino y dice que necesita comprarle algunos discos ya que los que tiene ya están gastados y valen un poco caros entonces espera que kiva la pueda apoyar con su credito para invertir en su negocio, además quiere comprar golosinas y artículos de consumo diario como maíz, frijol, sopas instantáneas, pastas, jabones etc.
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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