Dúo Rosas De San Juan Sac. Group
Magdalena, 30, is this duo’s leader. She’s had a grocery store at home for several years. Among the things she sells are gift items, school supplies, refreshments and fruit. Magdalena needs capital now to buy school supplies because the new school term is about to start and her customers know that she provides the special service and the best prices in her store that they seek for their children; she will also buy food items for her store.
Doña Magdalena de 30 años de edad líder de este dúo, tiene en su domicilio una tienda de venta de consumo diario desde hace vario años, entre los productos que ella ofrece la venta de regalos, útiles escolares, venta de refacciones, y venta de frutas, doña Magdalena requiere de capital en estos días para la compra de útiles escolares ya que el ciclo escolar está a pocos días de iniciar y sus clientes saben que en su negocio ella les brinda una atención especial y a los mejores precios lo que ellas buscan para sus hijos. y tambien para la venta de productos comestibles, para su tienda para la venta.
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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