Victoria, 37, is in this group. She works making and selling aprons and traditional costumes. On this occasion she’s asking for the loan to buy raw materials used to make aprons since her customers have placed new orders and she needs investment capital.
Dúo Victoria 3 este grupo esta conformado por la señora victoria de de 37 años de edad, ella se a dedica a la elaboracion y venta de delantales y ropa tipica, en esta oportunidad ella esta solicitando este credito para la compra de materia prima para la elaboracion de delantales ya que sus clientes le han pedido nuevos pedidos y nececita capital para invertir.
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.