Dúo Margaritas De Vista Hermosa Group
The Christmas celebrations are approaching, and that is a time in which she will make good profits. She is lacking several things for the business and the customers are already visiting and asking what she has to offer. This is why she needs to buy the shirts, pants, skirts, and t-shirts that her customers are most asking for but she does not have enough money. She needs larger capital in order to be able to stock up her business and get what the customers are requesting, and thus take advantage of the end of year sales.
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