One of the members of Dúo Atardecer is Reina, who is single and sells fruit at a stall in the local market in Sumpango Sacatepéquez. She sells a variety of fruits in her business that she's owned for five years, and she says that it has gone well. Her sales are lower in some seasons but this hasn't been an obstacle to her continuing to move forward and fight to get ahead and improve herself. She is requesting this loan to buy more fruits because she needs to have a greater variety to continue selling.
Dúo Atardecer está integrado por Reina es soltera y es vendedora de frutas ella cuenta con un puesto en el mercado local de Sumpango Sacatepéquez y vende variedad de frutas su negocio lo tiene desde hace 5 años y cuenta que le ha ido muy bien aunque en algunas temporadas baja la venta pero eso no ha sido obstáculo para ella para poder seguir adelante y seguir luchando para salir adelante y superarse está solicitando este crédito para la compra de más frutas ya que necesita comprar más variedad en frutas para seguir vendiendo.
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.