Check out some available loans that are similar to this one!
Chikuwa Group
In this Group: Dora, Eulalia, Juana, Susana, Victoria, Juana, Elena, Juana, Josefa, Antonia, Catarina, Catarina, María, Paulina, María, Cecilia, Elena, Clara, Antonia, María
View original language description ↓
The clients of the ComUnity (the term used by Friendship Bridge for their communal banks) Chikuwa have an astute and patient attitude, a combination that helps them to be the great business women that they currently are. The clients of ComUnity Chikuwa are models of micro-entrepreneurial women.


Several members of the group started selling huipiles (traditional Guatamalan dresses) and shoes in the streets of San Juan la Laguna, Sololá. However, with their current loan many of them have become successful business owners. For example, Susan U. now has ten artisans working for her during the high season such as Christmas. Clara P. is a micro-entrepreneur who began with a small business raising animals and who is now buying 100 chickens per month in order to fatten them and resell them 21 days later. Cecilia U. decided to move into an unexplored field for many micro-entrepreneurs. She has a honey bee business. In addition, she has a windmill that she rents for grinding corn (an essential component for the preparation of corn tortillas).


The loans will be used in different ways. Many women are going to buy thread in order to make huipiles and embroidery. Clara P. is going to use her loan to purchase more chickens, while María M. is going to buy another windmill. María Y. is going to invest her money in her diner. She needs a loan in order to purchase glasses, plates, benches and tables.


María M.’s dream is that her business will prosper so that she will be able to open a hammock store and sell hanging beds in natural colors typical of the region. Elena C. dreams of opening a successful knitting store. In that way she would be able to purchase more work from her providers and thereby have a positive impact on their lives. These business women are very important for Friendship Bridge and Guatemala. They only need some initial help in order to move forward, and you could be the one to give them that aid.

Translated from Spanish by Debra Faszer-McMahon, Kiva Volunteer.


Las clientas de la ComUnidad (término que Friendship Bridge usa para nombrar a un banco comunal) Chikuwa tienen una actitud astuta y paciente, una combinación que las ayuda a ser las grandes empresarias que actualmente son. Las clientas la ComUnidad Chikuwa son ejemplares micro empreasarias.


Varias clientas empezaron vendiendo huipiles (trajes tradicionales de Guatemala) y zapatos en las calles de San Juan la Laguna, Sololá. Sin embargo, con el préstamo recibido ahora muchas de ellas se han vuelto clientas exitosas. Por ejemplo, Susana U. ya tiene diez artesanas trabajando para ella durante las temporadas altas, como Navidad. Clara P., es una empresaria que empezó con un pequeño negocio de crianza de animales y ahora está comprando 100 pollos al mes para engordarlos y revenderlos 21 días después. Cecilia U., decidió incursionar en un campo inexplorado por muchas microempresarias. Ella tiene un negocio de miel de abejas. Además, tienen un molino el cual lo alquila para moler el maíz (componente esencial para la preparación de tortillas de maíz).


Los préstamos van a ser utilizado de distintas maneras. Muchas señoras van a comprar hilos para tejer huipiles y para bordados. Clara P., va a usar su préstamo para comprar más pollos, mientras que María M. va a comprar otro molino. María Y. va ha invertir su crédito en su comedor. Ella necesita el crédito para comprar vasos, platos, bancos y mesas.


El sueño de María M. es que su negocio prospere para que así ella pueda abrir una tienda de hamacas y cubre camas teñidas a base de tintes naturales típicos de la región. Elena C. sueña con abrir una tienda de tejidos exitosa. Como consecuencia ella podría pedir más tejidos a sus proveedoras y causar un impacto importante en la vida de ellas. Estás empresarias son muy importantes para Friendship Bridge y Guatemala, ellas sólo necesitan un apoyo inicial para que puedan destacar, y ese apoyo lo puedes brindar tú.

Additional Information

About Friendship Bridge

This 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).

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.

About Guatemala

  • $5,300
    Average annual income
  • 71
    View loans »
    Guatemala Loans Fundraising
  • $9,637,050
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Chikuwa Group's $4,925 loan helped a member to purchase raw material for making traditional dresses. Resale of traditional clothing. Raising of animals. Expansion of a diner. The purchase of a windmill for corn.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 12, 2007
Listed
Nov 27, 2007
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2008