Check out some available loans that are similar to this one!
Nuevo Amanecer Xecam Group
In this Group: Blanca Nohemi , Carmen Patricia , Aura Florinda , Oralia Esperanza , Maria Ramos , Anabela , Laura Antonieta , Susana , Lidia , Apolonia Faustina , Ilda Veronica , Maria , Juana , Lucia
Located in the village of Xecam, in a mountainous area in the western highlands of Guatemala, the Nuevo Amanecer Xecam Trust Bank is starting its second loan cycle with Friendship Bridge. The group has 14 members, four of whom are quite young and unmarried. These four young women did not have the opportunity to complete primary school, but their desire to succeed pushed them to to start their own businesses. Like the other ten women in the group, they strive every day in order to achieve their goals and create better lives for themselves. The businesses that the members of the group are engaged in are varied and include: weaving, embroidering, and animal husbandry, among others.

One of the members of the Trust Bank, Lucia, is 45 years old and has four children with her husband, Mason. Three of Lucia’s children are still in school, and the other just completed high school. Lucia joined the Nuevo Amanecer Xecam Trust Bank through an invitation from a friend who currently is a FB client. Lucia and her family are dedicated to their animal husbandry business, which includes four pigs and 24 chickens (most of which are roosters). She joined Friendship Bridge so she could expand her business.

Lucia is very excited for the opportunity provided by her Trust Bank and by Friendship Bridge to obtain a loan, which will serve to buy hens. She hopes to take advantage of raising more chickens and selling eggs. Lucia's long-term dream is to obtain her own farm, because she is currently renting. Her short-term goal is to see her second child graduate from high school next year. Through the participatory non-formal education lessons provided by Friendship Bridge at the monthly loan repayment meetings, Lucia has learned how to effectively support her children’s education. She and the other women have also benefited from lessons on business practices, money management, self-esteem, women’s rights and health. 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.

Lucia and the other 13 women in the Trust Bank are both surprised and grateful that people from elsewhere have focused their attention on their small village and have given them the opportunity to make their dreams a reality.

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
  • 71
    View loans »
    Guatemala Loans Fundraising
  • $9,872,275
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Xecam Group's $4,475 loan helped a member to buy hens.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Jul 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013