Duo San Francisco Group
The leader of this group is Telma, whose business is making blouses. She has two children and both she and her husband work hard to achieve their dreams. Telma has several orders for blouses but she doesn't have enough fabric to make them. For this reason, she is requesting a new loan to buy bolts of the fabric she needs at 1,100 quetzals each. Her fellow group member, Jeimy, is 22 years old and sells miscellaneous goods, costume jewelry and American clothing. She would like to buy some additional goods to sell but doesn't have enough money to do so.
La encargada de este grupo es la señora Telma , quien se dedica a la confección de blusas de vestir. Ella tiene dos hijas y al lado de su esposo siguen luchando por sus sueños. Ella tiene varios pedidos de blusas, pero la tela que utiliza para trabajarlas no le alcanza por ese motivo ella nuevamente pide otro crédito para poder comprar la tela por rollos valorados en Q. 1100.00 cada una. Su compañera Jeimy quien tiene 22 años de edad tiene una venta de variedades, fantasía y ropa americana. Y desea comprar varias cosas más para la venta pero el dinero no le alcanza.
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