Kaksija I Group
Seated on plastic chairs, wooden boards, or the ground, the women of the community bank Kaksija gather in the home of one of the members, talking in their native language K´iche´, treating each other like family after almost eight years of being together as a group.
Waiting for the meeting to begin, some women nurse their babies, others work on craft projects, and others catch up on the weekly news. The fourteen women of the group dedicate themselves to artisan crafts, primarily to ‘huipiles’, a traditional Mayan blouse woven with intricate patterns. They also specialize in other typical clothing, such as the skirts you see in the photo.
The women of Kaksija are strong and wise. Most have been practicing their trade since their childhood, and have perfected the art. They sell their clothing in nearby markets, but are now looking for ways to expand their business. They would like to break into the tourist market surrounding Lake Atitlan, about an hour and a half away.
Eight of the women are asking for a group loan of 17,500 quetzales ($2300), ranging from $150 to $400 per person, with which they will purchase thread for weaving, and two of these women are hoping to also invest in a sewing machine, in hopes to increase production as well as quality of their sewing.
All eight of the women have children, with some of the older women having as many as ten. They dream of expanding their business in order to better provide for their kids, so that they can receive an education and have more opportunity in their lives.
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