Dúo Elizabeth Group
She is requesting this loan because she needs to expand her place, which is at the local market. She sells every day. The week-ends are when she sells a little more. She wants to buy different styles and sizes of sandals. She also wants to buy typical clothing like blouses, aprons, and some skirts. She also wants to start making scented candles, and she needs material. She has already received a lot of requests for this. She hopes that FAPE is able to help her.
Este grupo está formado por doña Ana Patricia, quien es la líder del grupo, tiene 4 hijos, es casada y se dedica a la venta de ropa típica y sandalias, también vende veladoras y candelas desde hace 7 años, está solicitando este crédito porque necesita ampliar su local que tiene ubicados en el mercado de su localidad, ella vende todos los días y los fines de semana es cuando ella vende un poco más, quiere comprar sandalias de diferentes estilos y números, también quiere comprar ropa típica como, blusas, delantales, y algunos cortes, también quiere comenzar a hacer las candelas aromáticas y necesita material ya que le han pedido mucho de eso y espera que fape le pueda ayudar.
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