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Sirenas (Grupo I) Group
In this Group: Rosa, Veronika, Maria, Irma, Rosa, Andrea, Julia, Dalia
View original language description ↓
The communal bank Las Sirenas (“The Mermaids”) is made up of a group of women who are very cheerful. The members of Las Sirenas meet every three weeks with a representative of Friendship Bridge, beneath an avocado tree, to protect themselves from the sun. The image really is touching because, despite the fact that they don’t have the necessary infrastructure, the ladies fulfill their obligations as best they can, and with a smile on their faces.

The clients that make up the group are from Cerro de Oro, an area in the Atitlán region where most of the habitants are Tzu’tujil Maya, and that is widely recognized for beautiful weavings. The eighteen members are successful weavers of huipiles (a type of decorated blouse), the traditional dress of Guatemala, belts, and skirts, among other types of clothing.

he success of these clients is reflected in the fact that more than half of them have one or more people weaving for them. One of the ladies has up to five people weaving for her during the periods of greatest demand. The other the ladies all work for themselves. Additionally, some of them have parallel businesses, such as the selling fish and crab in the market, raising animals, or a small grocery store.

These entrepreneurial achievements are impressive, given that previously these same ladies only worked as laborers for a fabric factory. Now you could say that many of them are the owners of their destinies. Due to the resounding success of their businesses and to the money generated, they are no longer exposed to the obstacles that life can present.

The clients will use their loan mostly to buy threads in different colors for making their weavings. They will also use it to buy products for their stores and animals to raise.

The ladies associate their happiness with the prosperity of their future generations. They dream of a better future for their children. In other words, they hope that their children will be able to eat what they themselves couldn’t and that they will finish high school, which they themselves were never able to attend. Others said they would like to build a house. One client made the others think when she said that she would like to buy a car for work and, why not, to drive around for fun in her free time.

Translated from Spanish by Jennifer Day, Kiva Volunteer.

El banco comunal Las Sirenas está conformado por un grupo de mujeres muy alegres. Las Sirenas se juntan cada tres semanas debajo de un árbol de aguacate durante sus reuniones, con la representante de Friendship Bridge, para que las proteja del sol. La imagen es realmente tierna, ya que, a pesar de que ellas no tienen la infraestructura necesaria, las señoras cumplen con sus compromisos de la mejor manera, con una sonrisa en la cara.

Las clientas que conforman el grupo provienen de Cerro de Oro, un área habitada mayormente por los Mayas Tzu´tujiles, donde el tejido es muy reconocido en la región de Atitlán por su belleza. Las diez y ocho integrantes son tejedoras exitosas de huipiles, traje tradicional de Guatemala, fajas, faldas entre otras prendas de ropa.

El éxito de estas clientas se refleja en que más de la mitad tienen una o más personas tejiendo para ellas. Una de las señoras tiene hasta cinco artesanas tejiendo para ella durante las épocas de mayor demanda. El resto de señoras trabajan para si mismas. Además, algunas clientas tienen un negocio paralelo como la venta de pescados y cangrejos en el mercado, crianza de animales y tienen una tienda de consumo diario.

Este logro empresarial es impresionante, debido a que antes estas mismas señoras solo trabajaban como mano de obra para una comercializadora de tejidos. Ahora se puede decir que muchas de ellas son las dueñas de sus destinos. Debido al éxito rotundo de sus negocios y al dinero generado, ellas ya no están tan expuestas a las trabas que le puede presentar la vida.

Las clientas van a utilizar su préstamo principalmente para comprar hilos de distintos colores para la elaboración de sus tejidos. También, lo van a utilizar para comprar productos para sus tiendas y animales para su respectiva crianza.

Las señoras asocian su felicidad con la prosperidad de sus futuras generaciones. Ellas sueñan con un futuro mejor para sus hijos. En otras palabras, que sus hijos puedan comer lo que ellas no pudieron y que terminen el colegio que ellas nunca pudieron asistir. Otras dijeron que les gustaría construir una casita. Mientras que una clienta despertó la conciencia del grupo al decir que a ella le gustaría comprar un carro para trabajar y porque no para pasear en sus ratos libres.

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
  • 104
    View loans »
    Guatemala Loans Fundraising
  • $9,669,775
    Funds lent in using Kiva
  • 7.7
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Sirenas (Grupo I) Group's $3,200 loan helped a member to buy a variety of colored threads for making thier weavings; to buy products for thier stores; to buy livestock animals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 16, 2008
Listed
Feb 2, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2009