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Barrio El Calvario Ii Group
In this Group: Ana, Juana, Paula, Felipa, Antonia, Ilse, Aura, Francisca, Sara, Juana, Norma, Elida, Maria, Maria, Juana, Maria, Elsa*
* not pictured
View original language description ↓
Within this communal bank, one can find determined women with the entrepreneurial spirit very typical of businesswomen from the coast of Guatemala. All of the women belonging to this bank have a least two businesses.


They invest the money borrowed in different economic ventures like breeding bulls and pigs and selling chicken, vegetables, baked goods and other foods. The also sell firewood, cosmetics and heliconia leaves (used to make tamales).


It was impressive to see the entire group of women so decided about how they would be using the money that they were borrowing. Norma M. commented that she was going to use a part of her loan to sell cosmetics while the other part would be invested in fruit to sell in the market. Juana S. said that as soon as she received her loan, she was going to purchase 300 kg of chicken to sell in the market. María P., like the large majority of the group, was going to buy 150 bunches of heliconia leaves to then sell to distributors. While the women sell one bunch of leaves for seven quetzals, a distributor can sell in the cities for double the price. María P. was going to invest her money in her tortilla business and in the purchase of firewood.


When asked why they like to work with Friendship Bridge, the women said that it was primarily because it gives them a chance to save money. The inability to save is one of the reasons people can’t get out of poverty. Additionally, they said that the low interest and the timeframe the institution offered for repaying the loans help them with their businesses. Also, working under the bank’s methodology is something they like very much.


The women believe that within the Barrio El Calvario Communal Bank they are all equal. Not only that, but there is a lot of communication and understanding within the communal bank. It seems that working with Friendship Bridge has changed their lives. They are very grateful to the institution and to those who invest in them through Kiva because people have believed in them. They are sure that they will not let us down. That’s why helping this and many other groups of women is important, because one gives them a chance and a ray of hope.

Translated form Spanish by Hugh Yarbrough, Kiva Volunteer.




Dentro de este banco comunal uno puede encontrar mujeres corajudas y con una visión empresarial muy característica de las empresarias de la costa de Guatemala. Todas las clientas dentro de este banco tienen dos negocios como mínimo.

Ellas invierten su crédito en distintas actividades económicas, tales como la crianza de toros y cerdos, venta de pollo, venta de comidas, venta de verduras, venta de leña, venta ambulante de cosméticos, panadería y la venta de hojas de mashan (las cuales son usadas para envolver los tamales).

Fue impresionante ver a todo un grupo de mujeres tan decididas en que utilizar el préstamos que se les iba a otorgar. Norma M., comentó que ella iba a usar parte de su préstamo para la venta de cosméticos que los iba a vender de manera ambulante, mientras que la otra parte la iba a invertir en la compra de fruta para venderla en el mercado. Juana S., dijo que a penas recibía su préstamo lo iba a invertir en la compra de tres quintales de pollos destazados para su venta en el mercado. María P., como la gran mayoría del grupo, iba a comprar 150 racimos de hojas de mashan para luego venderlo a los intermediaros. Ellas venden un racimo a siete quetzales, mientras que un intermediario puede llegar a venderlo en las ciudades por el doble del precio. María P., va a invertir su crédito en su tortilleria y en la compra de leña.

Cuando se les pregunto porque les gusta trabajar con Friendship Bridge ellas comentaron que era primordialmente porque les daba un espacio para ahorrar. La falta de capacidad de ahorrar es uno de los motivos por los cuales las personas no pueden salir de la pobreza. Adicionalmente, dijeron que los bajos intereses y el plazo que les ofrecía la institución las ayudaba con su negocio. También, trabajar bajo metodología de bancos comunales les gusta mucho.

Las señoras opinan que dentro del banco comunal Barrio el Calvario todas son iguales. No solo eso, sino que hay mucha comunicación y comprensión dentro del banco comunal. Al parecer trabajar con Friendship Bridge les ha cambiado la vida. Ellas agradecen mucho a la institución y a las personas que invierten en ellas desde Kiva por que confiaron en ellas y están seguras de no nos van a defraudar. Es por eso que seguir apoyando a este y a muchos gruP. de mujeres es importante, ya que uno les da un respiro y una luz de esperanza.

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
  • 100
    View loans »
    Guatemala Loans Fundraising
  • $9,669,775
    Funds lent in using Kiva
  • 7.6
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Barrio El Calvario Ii Group's $5,000 loan helped a member breeding bulls and pigs; sale of chicken, vegetables, baked goods and other foods; sale of firewood, cosmetics and heliconia leaves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 28, 2008
Listed
Apr 11, 2008
Currency Exchange Loss:
Covered
Ended:
May 22, 2009