Dúo Tejar2 Group
Maria Magdalena is 36 years old and married. She has had her own store, located in the Socobal neighborhood of Chimaltenango, for the past 6 years. Through hard work she managed to build and improve her home, and through her business she has also supported her family and helped them get ahead. Her dream is to improve the quality of life for her family, through the loan she is requesting from FAPE. She will use this loan to purchase daily consumables to continue growing her store.
La señora Maria Magdalena de 36 años, casada, desde hace 6 años posee una Tienda ubicada en el Socobal Chimaltenango, que a base de esfuerzos logro establecer y mejorar su vivienda, a través de su negocio ella ha mantenido y a sacado adelante a su familia.
El sueño de doña Maria es poder mejorar la calidad de su vida y la de su familia a través del microcrédito que está solicitando a FAPE; con el préstamo quiere comprar productos de consumo diario para seguir creciendo con su tienda.
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