The person in charge of the "Dúo Manos trabajadoras de Vista Hermosa" group is Eulalia. She sells clothing for women, men and children. Fifteen years ago she started selling plastic in Escuintla, where she is from. Today she has managed to have a small store in her neighborhood and is very pleased to have passed 15 years of her life as a seller.
The Christmas season is coming and clients are staring to order jackets, pants, blouses, shirts and skirts. She doesn't have enough money so she is requesting a loan to take advantage of the sales of this time of year and not to disappoint her clients. She hopes that you can help her with the requested loan.
Dúo Manos trabajadoras de Vista Hermosa La encargada de este grupo es la señora Eulalia quien se dedica a la venta de ropa para dama, caballeros y niños, inicia vendiendo plástico desde hace 15 años en Escuintla donde ella es originaria. También empieza su negocio vendiendo plástico como vendedora ambulante, hoy día ha logrado un pequeño local en su colonia y se siente muy contenta por los logros alcanzados durante 15 años en su vida como vendedora. La fiesta de navidad se acerca y los clientes ya le empezaron a pedir chumpas, pantalones, blusas, camisas, faldas y el dinero que tiene no le alcanza, por tal motivo pide un crédito para aprovechar las ventas de estas fechas y no quedarles mal a sus clientes, esperando que ustedes le puedan ayudar con el credito solcitado.
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.