Dúo Los Cipresales Group
She will use the loan to expand her business and increase her sales for the end of the year, which is coming up. She will buy materials to make traditional weavings.
ESTA INTEGRADO POR DOÑA FIDELIA, ELLAS SON ORIGINARIAS DEL MUNICIPIO DE SAN JUAN COMALAPA DEL DEPARTAMENTO DE CHIMALTENANGO, LAS DOS SON CASADAS DOÑA FIDELIA TIENE CUARENTA Y UN AÑOS DE EDAD Y ES MADRE DE DIEZ HIJOS ELLAS SE DEDICA A LA ELABORACION DE TEJIDOS EN TELAR SU MAYOR PRODUCCION LA SACA EN LOS TELARES DE PEDAL PERO TAMBIEN REALIZAN TEJIDOS A MANO, ELLA NECESITA SU CREDITO PARA PODER AMPLIAR SU NEGOCIO Y PODER OBTENER MEJORES VENTAS POR EL FIN DE AÑO QUE YA SE ACERCA ENTONCES LO SOLICITA PARA LA COMPRA DE MATERIA PRIMA PARA LA ELABORACION DE TEJIDOS TIPICOS.
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