Duo Ana Group
One member of this group is 31-year-old Dora Leticia. She is married, has five children, and tells us that she is applying for this loan to support her business raising and fattening up chickens. She has had the business for two years and will use this loan to buy feed and vaccinations for the chickens. If they are not looked after the chickens may die, which will be a loss for Dora. Chicken feed is very expensive. Dora will spend four or five weeks investing in the chickens so that she can later sell them. But she needs investment and hopes that Fape can help her.
Este dúo lo forma doña Dora Leticia, de 31 años de edad, tiene 5 hijos y es casada, nos cuenta que solicita el crédito para su negocio de crianza de pollos de engorde que tiene desde hace 2 años, quiere comprar comida y vacunas para los pollos ya que si no se cuida se mueren y es perdida, la comida es muy cara, las primeras 4 a 5 semanas es solo para invertir para luego venderlos pero para eso tiene que invertir y espera que Fape la pueda ayudar.
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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