The duo, El Cariño, is made up of two members, one of whom is Elvia, who is from San Juan Comalapa and has four children. She earns a living making and selling clothing for babies, and sells the products she makes by traveling door to door. Her business has been growing steadily, and she is grateful for the opportunity to receive this loan. She plans to use the support from this loan to purchase raw materials for making her clothing items, and she hopes that this investment will help her to grow and strengthen her business.
Dúo el cariño, este dúo está integrado por la señora Elvia es originaria de San Juan Comalapa ella tiene 4 hijos, ella se dedica a la elaboración y venta de ropa de bebe, sus ventas las realiza de forma ambulante está muy contenta porque poco a poco a salido adelante en su negocio y ahora que tiene la oportunidad de un crédito lo solicita ya que necesita comprar materia prima para la confección de trajes de bebe, espera que le puedan dar ese apoyo que necesita para seguir adelante con su negocio
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.