Maria, 62, belongs to the communal bank "Dúo las flores del molino." She has been raising chickens for five years, a business that has helped support her family. She has applied for a loan to buy chickens to raise and feed for them, and she is hoping that the lenders will help her with this funding.
Dúo Las Flores del molino. este grupo esta conformado por la señora Maria de 62 años de edad, ella se ha dedica a la crianza de animales(pollos) desde hace 5 años, es un negocio que le ha servido para sacar adelante a su familia, en esta oportunidad esta solicitando este credito para la compra de pollos para la crianza y compra de alimentos para los mismos, esperando que ustedes le puedan ayudar con el credito solicitado.
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.