Dúo Abril is a group that was formed by Israel, 25. He has had a grocery shop for several years. This time he is asking for a loan to buy more stock of food products since his clientele has increased considerably and he needs more capital. His dream is to have a larger business to generate a little more income and to help his family.
este grupo esta formado por el señor Israel de de 25 años de edad, el posee una tienda de producto comestibles desde hace varios años, en esta oportunidad el esta solicitando este credito para la compra de mas mercaderia en productos comestibles ya que sus clientes han aumentado considerablemente y nececita mas capital, el sueño de el es tener un negocio mas grande para generar un poco mas de ganancias y ayudar a su familia.
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.