For the Solidario Dios es Amor (Caring God is love) group: Clementino works in agriculture and in his free time works in a barber shop that he has at home. He has been doing this activity for years. For that reason he is requesting a loan to purchase cosmetics merchandise for his barber shop. He hopes that he can be helped through this loan so that he can continue working to move forward.
SOLIDARIO DIOS ES AMOR
Don Clementino se dedica a la agricultura y además en sus tiempos libres se dedica a la barbería que tiene en su propia casa,el se dedica a esta actividad desde hace años, es por eso que esta solicitando este credito para la comora de mercaderia en cosmeticos para su barberia espera que le puedan ayudar atravez del credito para que el pueda seguir luchando para salir adelante.
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.