Check out some available loans that are similar to this one!
Xocomil Group
In this Group: Paula, Josefina, Ines, Clara, Martha, Rosario, Maria, María, Edith, Rosa, María, Ana, Josefa, Concepción, Clara, Maria, Concepcion, Esther
View original language description ↓

ComUnidad Xocomil (ComUnidad is a term that Friendship Bridge uses to name Communal Banks) is formed by a group of happy, entrepreneurial, united and pioneering women. This ComUnidad is one of the oldest in Friendship Bridge.

This group of women are requesting their 16th loan with the institution, despite the adversities that are presented to indigenous women in the rural areas of Guatemala. They have maintained themselves united for approximately 7 years, consolidating an unequaled friendship based on honesty and work ethic. The women of Xocomil are an example to Guatemalan society because they were one of the pioneers when they first applied for a loan almost a decade ago – a situation that had never occurred before.

Many of these women worked as housekeepers in wealthy homes in the capital city or in the homes of their relatives. Others grew up as weavers, lending their services to more developed businesses as cheap labor. These artisans also worked weaving their own products per individual requests, but in a very small scale. They earned enough to cover their living expenses, however, since they united with Friendship Bridge, their businesses have prospered and they have turned into successful businesswomen.

In ComUnidad Xocomil, one can find women that work in different economic sectors. For example, six of them weave beautiful huipiles (traditional indigenous Guatemalan dress); three of them work buying and selling traditional clothes such as skirts, aprons, sashes and blouses; three others sell breakfasts, lunches and dinners in the market and for house delivery; while another three cut up chickens and pigs and sell them in the market. One of them makes and sells tortillas in her own locale, while two others have a bakery.

The women will invest the loan in the purchase of thread for the production of huipiles and the purchase of chickens to quarter and sell in the market, while other women will buy blouses and aprons for their respective trade. The women that have a bakery will buy flour and utensils for the production of bread.

These women have been examples of the positive impact that microfinancing institutions have on the lives of women. Thanks to Friendship Bridge, they are full of hopes and dreams. Many of them aspire to purchase a plot of land to construct a house for their children or expand their small homes. They also hope that their children graduate from high school so that they do not have to experience what these women lived, an illiteracy that deprived them of many rights and advantages. The dreams of these women are consolidated with each loan and investment that they bring to their businesses and families. Help them maintain this hope.

Translated from Spanish by Evelyn Garcia, Kiva Volunteer.




La ComUnidad Xocomil (ComUnidad es un término que utiliza Friendship Bridge para nombrar a los Bancos Comunales) está conformada por un grupo de mujeres alegres, emprendedoras, unidas y pioneras. Esta ComUnidad es una de las más antiguas en Friendship Bridge.

Este grupo de señoras están solicitando su 16to préstamo con la institución, a pesar de las adversidades que se les presenta a mujeres indígenas en las áreas rurales de Guatemala. Ellas se han mantenido unidas por aproximadamente 7 años consolidando una amistad inigualable que está basada en honestidad y trabajo. Las mujeres del Xocomil son un ejemplo a la sociedad Guatemalteca porque ellas fueron una de las pioneras al solicitar su crédito hace casi una década. Una situación que antes no sucedía

Muchas de estas señoras trabajaron como empleadas domésticas en casas de gente adinerada en la capital o en casa de sus parientes. Otras crecieron como tejedoras prestando sus servicios a empresarios más desarrollados como mano de obra barata. También, las estas artesanas trabajaban tejiendo sus propios tejidos a pedidos individuales, pero en muy pequeña escala. Ellas ganaban lo suficiente para cubrir sus gastos de vida. Sin embargo, desde que se unieron a Friendship Bridge sus negocios han prosperado y se han vuelto en empresarias exitosas.

En la Comunidad Xocomil se puede encontrar a señoras que trabajan en distintas áreas económicas. Por ejemplo, seis de ellas son tejedoras de hermosos huipiles (trajes tradicionales indígenas Guatemaltecos); tres trabajan en la compra y venta de ropa tradicional como faldas, delantales, fajas y blusas; tres señoras venden desayunos, almuerzos y cenas en el mercado y a domicilio; mientras que otras tres destazan pollos y cerdos y los venden en el mercado; una de ellas prepara y vende tortillas en su propio local y dos señoras tienen una panadería.

El crédito va a ser invertido por las señoras en la compra de hilo para la producción de huipiles, compra de pollos para destazarlos y venderlos en el mercado, otras señoras van a usar el crédito para comprar blusas y delantales para su respectiva venta. Las señoras que tienen una panadería van a comprar harina y utensilios para la producción de pan.

Estas señoras han sido ejemplos del impacto positivo que tiene las microfinanzas en la vida de las mujeres. Ellas, gracias a Friendhsip Bridge, están llenas de esperanzas y sueños. Muchas de ellas aspiran a comprarse un terreno para construir una casa para sus hijos o para ampliar sus pequeñas casas. También aspiran a que sus hijos se gradúen del colegio para que así ellos no tengan que pasar por lo que ellas vivieron, un analfabetismo que las privó de muchos derechos y ventajas. Los sueños de estas señoras se consolida con cada préstamo e inversión que ellas hacen en su negocio y su familias, ayúdenlas a mantener esa esperanza.

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

  • $4,155
    Average annual income
  • 42
    View loans »
    Guatemala Loans Fundraising
  • $8,598,975
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Xocomil Group's $4,975 loan helped a member purchase thread for the creation of traditional dresses; chickens and pigs to sell in the market; ingredients for the preparation of meals; blouses and aprons for the sale of clothing; and flour and utensils for a bakery.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 27, 2007
Listed
Dec 12, 2007
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2008