Mujeres Valientes Group
Mary Leocadia, named after her grandmother, is the president of the Mujeres Valientes Trust Bank. For the past three years, she has raised livestock, whiC. she then sells in the market that is located 3km away from her town. A single mother of three boys (ages 8, 6 and 1), Mary plans to use her current loan to buy additional livestock so that she can increase her sales and continue to grow her business. She uses her income to support her family and pay for her two oldest boys' education. Her dream is to continue to build her livestock business. She also hopes to go back to school since she only has an eighth-grade education. Mary, like the other 12 women in the Mujeres Valientes Trust Bank, is thankful to have access to capital through Friendship Bridge and Kiva. In her words, she "hopes that each Kiva lender receives all of the blessings you deserve."
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).
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.
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Success!! The loan was 100% repaid