Duo El Misperal Group
Maricela sells flowers. She tells us that her business has helped her a lot as she has managed to get her family ahead in life. She says that she needs her loan to buy flowers as she needs more capital to work.
Doña Maricela se dedica a la venta de flores ella nos cometa que es una venta que le a hayudado mucho ya que a logrado sacar adelante a su familia ella nos dice que nececita el credito para la compra de flores ya que nececita mas capital para trabajar.
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