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Las Margaritas Ii Group
In this Group: Maria Magdalena, Teresa, Elsa, Blanca Lizeth, Maria, Eluvia, Maria Luisa, Estefana, Ofelia, Ruth, Paula, Catarina

The 32 women of Las Margaritas are neighbors in their small village of Yepocapa. It is through the daily life of raising their families near one another that they decided to form a solidarity group and take out loans from Friendship Bridge. This will be their first loan, and all are eager to take on the new challenge and learn how to improve their businesses with the support of start-up capital.

Of the 32 women, 12 of them are asking for a loan of 17,600 quetzales (about $2,325 USD). These twelve women are farmers; growing potatoes, corn, and milpa (the leaf that is used to wrap tamales) on small plots of land behind their homes. They also raise cattle, chickens, and pigs, producing the majority of the town’s eggs, milk, cheese, and meat. They will use their loans to purchase seed and fertilizer for their crops and feed for their animals. One woman will invest her loan in a new calf. She raises only chickens now, and is excited about the possibility of diversifying her product base, and being able to sell milk, as well as to proviD. this delicacy for her family.

While each woman is somewhat nervous about this new venture, they are confident in their strength and have overcome countless obstacles in their lives that have prepared them for taking on this new aspect of business. They are ready to support each other with their loans, just as they have supported each other each day with raising their families.

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
  • 133
    View loans »
    Guatemala Loans Fundraising
  • $10,890,300
    Funds lent in using Kiva
  • 7.6
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Margaritas Ii Group's $2,325 loan helped a member to purchase seeds, fertilizer, and feed for animals.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 6, 2008
Mar 22, 2008
Currency Exchange Loss:
Jun 19, 2009