Dúo El Calvario Comalapense Group
Doña Concha is 70 years old and she is a weaver who makes different products. She weaves guipiles (traditional blouses) and napkins. She makes her sales in the village because that is where she gets her orders for goods. Now, however, she needs a loan in order to expand her business because there is such a high demand. She will also use part of the loan to purchase the basic materials she uses to make her traditional woven goods.
ESTA INTEGRADO POR DOÑA CONCHA ELLA ES ORIGINARIA DEL MUNICIPIO DE SAN JUAN COMALAPA DEL DEPARTAMENTO DE CHIMALTENANGO, ELLA ES CASADA Y TIENE A SUS HIJOS YA GRANDES QUIENES LA APOYAN EN LA ELABORACION DE SUS PRODUCTOS, DOÑA CONCHA TIENE SESENTA AÑOS DE EDAD SE DEDICA A LA ELABORACION DE TEJIDOS EN TELAR ELLA ELABORA DIFERENTES PRODUCTOS, DOÑA CONCHA ELABORA GUIPILES Y SERVILLETAS ELLA REALIZA SUS VENTAS EN EL PUEBLO PORQUE AI ES EN DONDE LE ENCARGAN EL PRODUCTO PERO AHORA NECESITA SU CREDITO PARA POSER AMPLIAR SUS NEGOCIOS PORQUE HA TENIDO MUCHA DEMANDA, TAMBIEN PARTE DEL CREDITO LO UTILIZARA EN 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