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Belen Cerro De Oro (Group 2)
In this Group: Carmen, Santos, Juana, Julia, Josefa, Elena, Concepcion, Melchora, Carmen, Luina*
* not pictured

The road into Cerro de Oro cuts through lush forests, passing by men with machetes chopping away, others carrying their day’s gatherings on their backs to be sold as firewood in town. Along the forests are thousands of rocks, several serving as billboards for political slogans, too many others as memorials. The road opens up to an emerging little town, with a school on the right, and an avocado tree on the left. Underneath the avocado tree sit 28 women, vying for the relief its branches offer from the unforgiving sun. They have gathered here once a month for the past seven years. The women of the Belen communal bank have overcome insurmountable odds, one loan at a time.

The women of Belen come from a region rich in weaving, and many grew up learning the intricate art from their parents. From the time they were young, they were working for meager wages in weaving factories, earning barely enough to survive, with no way to get ahead. After joining Friendship Bridge, they were given the initial push they needed to escape their poverty. Today, seven years later, every single woman has her own weaving business, earning a fair income that supports their families and even enough to send all their children to school. They wear this success with a humble pride, supporting each other in their victories and obstacles.

Ten of the 28 women are asking for a loan of 28,000 quetzales ($3,675), ranging from $300 to $400 per person. Nine of the women will invest this money in their weaving businesses, purchasing thread to weave intricate huipiles (traditional blouses like the ones in the picture), skirts, scarves, and blankets. A single huipil can take up to a month to make, and after an initial investment of about 200 quetzales ($25), it can be sold for around 500 quetzales ($65). All the supplies are purchased in the nearby town of Santiago de Atitlán. A few of the women also employ as many as five other women, and part of the loan will go towards paying their salaries. Having the extra help greatly increases production (which is essential when a single product takes a month to make), and therefore adds significantly to the potential income. One woman also runs a small store, selling snacks, soft drinks and daily necessities such as soap and toilet paper. She plans to restock her store and add new varieties of snacks to keep her customers interested.

The women of Belen have come very far over the past seven years and they don’t plan on stopping. They want to expand their businesses; the ones who currently work alone would like to someday hire help. They would also like to expand to other nearby markets, bringing in new customers. Everything they do is for the future of their children, and their dreams revolve around educating their children, with the hope that they can learn to read and write, and someday become professionals, free of the hardships of their parents.

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
  • 112
    View loans »
    Guatemala Loans Fundraising
  • $10,324,700
    Funds lent in using Kiva
  • 7.6
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Belen Cerro De Oro (Group 2)'s $3,675 loan helped a member to purchase thread for weaving and inventory for store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 16, 2008
Mar 1, 2008
Currency Exchange Loss:
May 22, 2009