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Flor Del Lago Panajachel Group
In this Group: Cecilia, María, María, Feliciana, Francisca, Nelly, Isabel, Cecilia, Magdalena, Telma, Maria, Anselma, Regina, Edmunda, Isabel, Lucia, María, Elizabeth, Josefina, Juana
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The ladies of the coop bank «Flor del Lago Panajachel» have unparalleled hopes that their businesses will succeed. These hopes will be able to materialize thank to their first loan that they will receive on behalf of the Kiva investors.



The new future clients are very extroverted and witty. This must be because they live in Panajachel, a town that has high turism, and they are exposed to all types of people from many different cultures.



This group of women are very hard workers. They alll work in different businesses. Maria Ajun mines Piedrin (a material that is used in building houses) on the shores of the Panajachel River, others knit items of traditional clothing, and there is a smaller group among these that work as jewellers working with mostacilla beads. Maria Zenaida resells CDs, DVDs and MP3s. And finally, Telma R. has a mobile cosmetics business.



The will use their share of the loan for different things. Some will want to purchase fabrics to make pants. Other will want to purchase yarn for embroidering traditional clothing, and table cloths among other things. Maria will want to use her share of the loan to purchase more piedrin material in the river so that she will be able to sell more in return.



Eventhough the market is in their favor, many clients have faced different obstacles in life such as not have had the privilege of an education, competence, and lack of capital funds. Nonetheless, thanks to this loan and the education that the FriendshipBride has provided these women, they will be able to branch out on their own.



Anselma M.' dream is to pruchase large quantities of materials to produce beaded jewellery at the lowest possible cost and this way corner the local market. Isabel S. comented that she would like to expand her food production business and start a restaurant. Nelly V. dreams of purchasing a small piece of land.



These women have high hopes and wonderful dreams, if they are given the support that they need they will be able to realize their dreams. This support can come from you. Take this opportunity to make a difference in the world.



One of the clients is missing from the photo. She was absent due to medical reasons.



Translated from Spanish by Erika Lindig, Kiva Volunteer.



Las mujeres del banco comunal Flor del Lago Panajachel tienen unas esperanzas inigualables de que su negocio salga adelante. Estas esperanza se van a poder concretar gracias al primer préstamo que van a recibir de parte de los inversores que participan en Kiva.

Nuestras futuras clientas son muy extrovertidas y pícaras. Esto se debe a que ellas viven en Panajachel, un lugar muy turístico, y están expuestas a todo tipo de personas que provienen de distintas culturas.

Este grupo de señoras son realmente trabajadoras. Las señoras trabajan en distintos negocios. María Ajun trabaja excavando piedrín (un material que se utiliza para la construcción de casas) a las orillas del río Panajachel, otras tejen ropa típica, también hay un grupo que trabajan con joyas, las cuales elaboran con mostacilla. María Zenaida trabaja en la reventa de CDs, DVDs y MP3. Finalmente, Telma R. tiene una venta ambulante de cosméticos.

Estas señoras van a utilizar su préstamo para distintas cosas. Algunas quieren comprar más telas para hacer pantalones. Otras quieren comprar más hilos para trabajar el bordado de huipiles, manteles y fajas tradicionales. Doña María quiere utilizar su préstamo para comprar más piedrín en el río de los otros trabajadores, para que cuando venga el camión ella le pueda vender más piedrín.

A pesar de que el mercado las favorece, muchas clientas han encontrado diferentes obstáculos en la vida tales como falta de educación, competencia y la falta de capital. Sin embargo, ahora gracias al crédito y la educación que Friendship Bridge les da a las mujeres, ellas van a ser capaces de destacar.

El sueño de Anselma M. es de comprar grandes cantidades de materia prima para ser capaz de producir joyería de mostacilla al menor costo posible y de esa manera destacar en el mercado local. Isabel S., comentó que ella quería ampliar su negocio de ventas de almuerzo y poner un restaurante. Nelly Velásquez sueña con comprarse un terrenito.

Estas señoras tienen una esperanza y sueños muy grandes, si se les da el apoyo necesario ellas van a ser capaces de realizar sus sueños. Ese apoyo puede venir de ustedes. Aprovechen esta oportunidad para marcar la diferencia en el mundo.

Una de las clientas falta en la foto por razones médicas

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
  • 62
    View loans »
    Guatemala Loans Fundraising
  • $8,798,275
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor Del Lago Panajachel Group's $4,925 loan helped a member purchase of materials for the production of traditional outfits and jewellery; Purchase of clothing; Purchase of DVDs; Purchase of Piedrin for sale and construction.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 6, 2008
Listed
Dec 22, 2007
Currency Exchange Loss:
Covered
Ended:
Jul 7, 2008