Dúo Jerico Group
María Olivia, 29, is part of this duo. She has two children and is married to Juan who is an electrician. She sells newspapers by the pound and has been doing so for three years. She also sells traditional clothing from place to place and on Mondays and Wednesdays sells food in her community.
She’s asking for this loan to because she wants to buy newspapers and use the other part of it to buy traditional clothing; she will buy blouses and skirts which is what she sells the most. She hopes that you will be able to help with the loan requested.
Este duo lo forma doña Maria Olivia de 29 años de edad ella tiene 2 hijos y esta casada con don Juan quien se dedica a la electricidad, y ella vende prensa por libra, tiene ya 3 años de dedicarse a la venta de prensa ella vende ropa típica de manera ambulante y también vende comida los días lunes y miércoles por su comunidad, solicita este crédito porque quiere comprar prensa Y la otra parte lo quiere invertir en la venta de ropa típica comprando ( blusas, cortes que es lo que ella mas vende), espera que le puedan ayudar con el credito solicitado.
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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