One of the members of the Duo Kairos de Peronia is Sra. Juana, who is 53 years old and been selling fabric and plastic shoes for some years. On this occasion, she is requesting a loan to buy more merchandise to sell at her business, and hopes that she will receive this help since it will allow her to continue to grow her business.
Dúo Kairos de Peronia,este dúo esta conformado por la señora Juana de 53 años de edad, ella se dedica a la venta de telas y venta de calzado de plastico desde hace varios años, en esta oportunidad ella esta solicitando este credito para la compra de mas mercaderia para la venta en su negocio, esperando que le puedad ayudar ya que de esa forma ella seguira creciendo en su negocio.
FAPE, 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.