With this loan, Dora will expand her business into making tortillas. She will buy firewood for cooking, and corn and lime to make the tortillas twice a day.
Dora graduated from high school by working during the day and attending school at night. She wants to continue with schooling to become the equivalent of a registered nurse, but she does not have the money to buy the required equipment and pay the US$30 a month she would need to finish the two years of schooling.
The members of her tightly knit family all pitch in either to work their corn fields (a two hour walk away) or make masks or to make tortillas. Dora's father is seriously ill and can't work so it is even more important for all the others to pull their load. Dora does not hesitate to work to help support the family even if it means she may not be able to realize her own dreams.
Written by Nancy Lewis and Randy Fay, Kiva Fellows
About Friendship BridgeThis loan is administered by Friendship Bridge (FB), a nonprofit, nongovernmental organization that empowers thousands of impoverished Guatemalan women through its Microcredit Plus program. The program combines small loans averaging US$350 for four-to-twelve month loan terms with non-formal, participatory education.
As FB clients, women start, expand, or diversify their businesses and learn practical lessons on topics including business, health, and self-esteem. FB’s clients borrow as a group, forming Trust Banks (groups of 7-25 women who serve as co-guarantors of the loan and act as a self-regulating support network).
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Success!! The loan was 100% repaid