Doña Marcela, who is the leader of the Duo San Luis, is 27 years old, married, and orginally from the town of San Juan. She has two children, ages six and four. For 15 years, she has produced and sold candles and votive candles made from parafin. Doña Marcela learned her craft from her father who began this business many years ago. She manages to sell her products in a small shop inside her local market, and she works alongside her brother who is responsible for distributing the merchandise to various shops in districts and towns in their municipality. Doña Marcela is applying for this loan in order to buy wax for the production of her candles.
Duo San Luis, Doña Marcela de 27 años de edad, líder de este dúo, es una mujer casada, originaria del Municipio de San Juan. Doña Marcela tiene dos niños de 6 y 4 años, se dedica a la elaboración y venta de candelas y veladoras elaboradas en parafina desde hace 15 años actividad que aprendió de su padre, quien inicio este negocio desde hace muchos años, doña Marcela logra vender sus producto en un pequeño local en el interior del mercado de su localidad,ella trabaja juntamente con su hermano quien se encarga de repartir la mercadería en varias tiendas, en colonias y aldeas de este municipio, está solicitando este credito para la compra de cera para elavoracion de candelas.
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.