Dúo Alejandrina De Vista Hermosa Group
Sra. Alejandrina has owned a grocery store for the past five years. She is very grateful to God for the sales she makes every day. Her customers always come to visit her in order to make their purchases.
Alejandrina needs to buy various products such as pasta, soap, sodas, and grains, but the money she has saved is not enough. For this reason, she needs a loan so that she can buy what she is lacking and keep her customers happy. Alejandrina has the unconditional support of her husband and children. She is very pleased with her business.
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