Dúo Esperanza Group
Gabriel is 31 years old and makes items such as pillowcases, tablecloths, bed covers, pants, shirts, etc. He seeks a loan to buy fabric which he will use to make school pants. He will take advantage of January being the month that starts the new school years, as he has customers who know him and he wishes to meet the demand that he will have in the upcoming days.
Este dúo está conformado por Gabriel de 31 años, el se dedica a la confección de sobre fundas, manteles y cubrecamas, pantalones, camisas etc. El solicita el crédito para comprar telas, las cuales utilizará para la confecciones de pantalones escolares, el aprovechará que en el mes de enero inicia nuevamente el ciclo escolar, ya que cuenta con clientes que lo conocen el desea cubrir la demanda de pedido que tenga para los próximos días.
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