The "Diciembre Alegre" (Happy December) duo includes Marleni. She is the mother of a family and weaves traditional skirts. She sells dairy products as well. This is the first loan that she has solicited from Kiva, since at the end of this month she will invest in more merchandise, because this is the time when she sells the most. She promises to be punctual with every payment so that on another occasion Kiva can help them with a new loan for their businesses.
Dúo Diciembre Alegre
Este dúo esta conformado por Marleni ellas es madres de familia y se dedica a tejer fajas típicas así como también a vender lácteos, es el primer crédito que solicita a kiva, ya que para este fin de mes invierte mas mercaderia ya que es en esta época cuando mas se vende, ellas promete pagar puntualmente en cada pago, para que en otra oportunidad kiva les pueda ayudar con un crédito nuevamente, para su negocio.
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.