Dúo Elim Group
This duo includes 29 year old Marta Olivia. She is married, has a daughter, and sells typical clothing. She is asking for a new loan to buy clothing and some uniforms because the patriotic festivals are approaching and her sales increase because many children go out to activities and parades. She gets many customer orders and she trusts FAPE to give her the support she needs, because Kiva has helped her greatly in her business and she is very grateful
Este dúo formado por doña Marta Olivia de 29 años de edad es casada y tiene 1 hija y se dedica a la venta de ropa típica desde hace 10 años, solicita este nuevo crédito porque necesita comprar ropa y algunos uniformes porque se acercan las fiestas patrias y la venta se incrementan ya que muchos niños salen en actividades y desfiles entonces sus clientes le hacen pedidos ella confía en fape para brindarle el apoyo que esta necesitando,ya que Kiva le ha ayudado en gran manera en su negocio y les esta enormemente agradesida.
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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