Dúo Santa Fe Ocaña Group
Ricardo has grown and sold first, second and third quality roses for nine years. The time for cutting new roses is nearing and he must prepare himself purchasing little bags and grafts to once again plant for the new harvest. The capital he has is insufficient for this so they need to request a new loan to cover this need he has. He must also buy several liters of fertilizer to combat pests that always threaten the crop.
He thanks God because with this work he does growing flowers he’s able to support his family and not only that, he’s actually even gotten a little ahead economically. He wants to continue growing them and to own a larger parcel of land on which to plant so that he can improve himself still more. He hopes you will be able to help him with the requested loan.
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