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Vision Group
In this Group: Maria Elvira , Florinda , Marta Vicenta *, Alicia Susana , Cecilia , Juana , Encarnacion , Isabel Reyna , Maria *, Paulina
* not pictured
In the hills of San Francisco el Alto, Totonicapán, Guatemala, where many people are engaged in clothing production, animal husbandry, and weaving, lives María and her family. María is a 30-year old married mother of two. Although María was only able to attend school through sixth grade, she now has high hopes for the future of her children.

For many years María and her husband have run a small business making garments. It was not until three years ago that María realized that, in order for her business to continue to grow, she would need additional funding. As her clients’ demands for her product increased, María knew she would need to buy more raw materials than she could currently afford. As María explains, "we must seize the opportunities presented to us and not ignore them, because they only come once." It was at this point that María decided to join Friendship Bridge’s Microcredit Plus program.

María recruited other women in her community to join with her and founded the Vision Trust Bank. María is very happy and proud of herself and her fellow Trust Bank members for having the courage to take out loans and invest in their businesses. María’s loan has ensured that she and her husband always have the necessary materials on hand to produce what their clients order. María's greatest achievement has been to provide employment for three more people (one woman and two men), meaning her microloan not only impacts her and her family but also her community.

With this new loan, María plans to buy different types of fabrics and thread to diversify the products that she can produce. She currently delivers 25-30 orders of garments to her suppliers twice a month. María’s Trust Bank is about to begin its fifth loan cycle, providing nine women with funds that will help them develop their businesses. In addition to receiving loans, these women meet once a month to receive training from Friendship Bridge and to discuss topics such as business management, budgeting, self-esteem and health. These lessons not only provide the women with valuable information regarding their businesses and their family’s health, but also foster a community of support among the women.

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

  • $4,155
    Average annual income
  • 63
    View loans »
    Guatemala Loans Fundraising
  • $8,741,725
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Vision Group's $4,125 loan helped a member to buy different fabrics and thread.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2012
Listed
Jun 27, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013