Dúo Tierra Prometida Group
With the support from this loan, Cesia plans to purchase merchandise to stock her cosmetics business. She hopes that this investment will help her to strengthen and expand her business and in turn help her to achieve her dream of improving her family's quality of life.
La señorita Cesia Antoniela de 29 años, soltera, desde hace dos (2) años posee una venta de cosméticos por catalogos ubicada en El Tejar Chimaltenango, a base de esfuerzos logro establecer y mejorar su vivienda, a través de su negocio ella ha mantenido y a sacado adelante a su familia.
El sueño de Cesia es poder mejorar la calidad de su vida y la de su familia a través del microcrédito que está solicitando a KIVA FAPE; con el préstamo quiere comprar más productos de belleza en cosmeticos para seguir creciendo con su negocio.
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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Success!! The loan was 100% repaid