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Flor De Esperanza Group
In this Group: Juana Cecilia , Teresa , Tomasa , Rosa Georgina , Gladys Maribel , Aura Marina , Norma Mercedes , Amalia , Paulina
In the small farming valley of Xenimajuyu, Guatemala, nine women have joined together to form the Flor de Esperanza (Flower of Hope) Trust Bank. Each of the women is the proprietor of a small business, specializing in weaving, animal husbandry, agriculture and selling food, among other trades.

As treasurer, 34-year old Gladys has taken an active role in the success of the Trust Bank. A single mother of two girls who are currently going to school (5th grade and 1st grade), Gladys affirms that the continuation of her girls’ education is very important to her, as she was not able to attend school after 4th grade. Gladys has a great personality; she is fun, happy, and likes to help others and, above all else, she is a hard-working woman who not only sustains herself and her two girls but also her father who is sick. Gladys is involved in animal husbandry, and currently she has ten chickens, one pig and one bull. She has also established a small convenience store where she sells rice, eggs, beans, coffee, snacks, oil, candies, bread and other goods. The store is installed in half of her kitchen, and also she sells portions of food and snacks in the front yard of her house to local residents.

With her previous loans Gladys has been able to increase her inventory, as well as buy her children’s school supplies to ensure that they are able to continue to receive the education that is so important to her. This will be Gladys’s third loan cycle, and she is excited to use the funds to expand her business. She will use the new loan to buy more items for her convenience store, and she also plans to buy two more pigs. When they are not in school, Gladys’ daughters help her with the animals and help her manage her store.

As one of the founders of the Flor de Esperanza Trust Bank, Gladys is invested in using her loan to make a better life for herself and her family and ensuring that the other eight women are able to do the same. For that reason, she opens her home every month for the group meeting with Friendship Bridge, where the women receive and participate in educational lessons on business, money management, self-esteem, women’s rights, health and how to support their children’s education. These lessons not only provide the women with valuable information regarding their businesses and their families’ health, but also foster a community of support among the women. One member of the group, Sandy, smiles as she says, "We are thankful for the opportunity of microloans as it helps us to promote our small businesses and improve our quality of life."

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
  • 96
    View loans »
    Guatemala Loans Fundraising
  • $9,959,450
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Esperanza Group's $2,700 loan helped a member to buy items for her convenience store, and to buy two more pigs.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 10, 2012
Jul 16, 2012
Currency Exchange Loss:
Aug 17, 2013