Dúo Balles Del Sargento Group
This pair includes María Gloria Florinda, 63. María Gloria has worked for over five years making traditional weavings. She is responsible and she does not have outstanding loans with other institutions. She tells us that she is reaching her goals of having more material to work with so that she can stock her business more and generate greater earnings. She is grateful for the help that she is receiving from Kiva. She is seeking a loan to purchase raw material to make traditional weavings to sell.
Dúo formado por María Gloria Florinda de 63 años de edad María Gloria se dedica desde hace mas de cinco años a la elaboración de tejidos típicos, la señora es responsable y no tiene crédito en otras institucion y cuenta que está cumpliendo sus metas de tener más material para trabajar y así surtir mas su negocio y por lo consiguiente tener más ganancias. Está agradecida por la ayuda que están recibiendo de kiva, esta solicitando este credito para la compra de materia prima para la elaboracion de tejidos tipicos para la venta.
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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