Dúo Peña De Oro Group
Sra. Vivian Isabel is 36 years old and married. For the past six years she has had a handicraft shop located in the Santa Otilia Colony in Chimaltenango. Based on her efforts, she succeeded in establishing and improving her home. Through her business, she is supporting her family and helping it get ahead.
Doña Vivian’s dream is to be able to improve her and her family’s quality of life through the micro credit she is requesting from FAPE; she wants to purchase materials to make her handicrafts with the loan.
La señora Vivian Isabel de 36 años, casada, desde hace 6 años posee un taller de artesanías ubicada en Colonia Santa Otilia 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 Vivian 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 para realizar sus artesanías.
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