Dúo San Vicente Group
Verónica, 26, is a member of the San Vicente duo and represents the group. She makes a living making and selling cloth napkins, as well as typical clothing. Through these activities, she receives financial help to support her two children. She is applying for a loan to buy materials to make the cloth napkins.
Doña Verónica de 26 años e integra el dúo San Vicente, representando al grupo la señora Verónica quien se dedica a la elaboración y venta de servilletas, como también la venta de ropa típica, actividad con la que ella percibe ayuda económica para el sustento de sus dos hijos,esta solicitando este credito para la compra de materia prima para la elaboracion de servilletas.
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