Dúo Rabinal Group
This group includes Pedro, who is 38 years old. He is the father of five children, all of whom attend a public school in the community. Pedro sells vegetables that he buys in bulk, which allows him to offer the best prices to his customers.
Among his dreams and wishes is seeing his children finish their studies so that each one can acquire a business in order that all of them can have a better lifestyle. For this reason, he approached Kiva about acquiring a loan. He wants to invest in his business of selling vegetables so that he can have a variety that he can offer to his customers.
Conformado por Pedro, quien tiene 38 años y es padre de 5 niños los cuales todos estudian en una escuela publica de la comunidad, Pedro se dedica a la venta de verduras las cuales las compra por mayor para poder brindar mejores precios a sus clientes.
Dentro de los sueños y anhelos de Pedro es que cada uno de sus hijos culminen sus estudios y que cada uno pueda adquirir un negocio para que ellos puedan tener un mejor estilo de vida es por eso que acude a KIVA para poder adquirir un crédito el cual desea invertir en su venta de verdura y poder tener variedad para ofrecerle a sus clientes
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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