Dúo Ana De Vista Hermosa Group
She has a large order of chicken to fulfill and she is a few chickens short of meeting her buyer's request and does not want to fail her. The money she has is not enough and she is finding herself in need of a loan in order to take advantage of the sale. She is very happy beside her children and with the help of her husband she wishes to reach her dreams which are to have a big store and eventually become a distributor in her village.
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