Dúo Cariño Group
Sra. Elsa Magdalena is 47 years old. She produces traditional woven aprons. As a result of her experience, Elsa comes out with new designs in order to attract new customers. This business has been a great help in allowing her to generate revenue to support her family. The income she earns is invested in the education of her children. They are working toward obtaining their higher education since they are attending the university. Her dream is for her children to become professionals soon and become integrated into society.
Elsa has been very responsible with her payments. She thanks God and FAPE for providing the loans since they have helped to increase her sales. Elsa is requesting a loan so that she can buy supplies for producing her woven goods.
La señora Elsa Magdalena de 47 años de edad, se dedica a la confección de delantales típicos, por su experiencia ella elabora nuevos diseños para atraer a clientes nuevos, esta actividad le ha generado ingresos que le ayudan a ser de gran apoyo económico a su familia, las ganancias que obtiene las invierte en la educación de sus hijos ellos han logrado la educación superior porque están asistiendo a la Universidad su sueño es que muy pronto sean profesionales y puedan desenvolverse en la sociedad; ha sido muy responsable en sus pagos, le agradece a Dios y a FAPE porque le ha brindado los préstamos esto le ayudará a incrementar sus ventas esta solicitando este credito para la compra de materia prima para la elavoracion de tejidos tipicos.
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.
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Success!! The loan was 100% repaid