Duo Azucenas De Magdalenas Group
She has been cultivating and selling flowers for some years and she tells us that before she thought of growing beans and Chinese peas but with the passing of time, having worked growing flowers, she realized that growing flowers is lighter work and above all is relaxing enough.
She sows around 400 to 500 plants of various kinds, and this is why is is asking for a loan, in order to buy fertilizer and pesticide, so she can provide maintenance. She hopes that FAPE can give her the help that she needs.
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