Dúo Llivia de gracia is a group made of Norfa Natalia, who is 50 years old and dedicates herself to selling products through a catalogue. She's done this for several years, and is asking for the help of Kiva to invest a bit more and make better earnings. She is asking for this loan to buy merchandise though catalogue products.
Dúo Llivia de gracia este grupo esta conformado po la señora Norfa Natalia de 50 años de edad ella se dedica a la venta de productos por catalogo desde hace varios años, en esta oportunidad esta solicitando la ayuda de kiva ya que nececita inverti un poco mas para generar mejores ganancias esta solicitando este credito para la compra de mercaderia en produtos por catalogo.
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.