Thirty-four years old, Catarina lives in a single-room structure with her husband, a tailor, and her two girls (11 and 8 years old) who are currently in primary school. She says that her biggest challenge is raising her girls, as she travels often for her business. Catarina enjoys cooking and spending time with her family whenever she can. Catarina is known as an outstanding member of her Trust Bank because of her positive attitude and good sense of humor, and also because she works hard every single day in order to give the best to her family. Catarina is so excited to get a new loan with Friendship Bridge after successfully repaying her previous loan, which helped to grow her business. Catarina's business is selling traditional clothing, which includes different types of huipils (typical blouses), typical skirts, belts, and aprons. As she wants to increase sales, Catarina is excited to use this loan to diversify her inventory of typical clothing so that she is able to respond to her customers’ demands. She wants to provide the newest fashions to her customers, so she is happy to buy products from four weavers from different regions. By supporting the businesses of these other women, they too can sustain their families. She says, "I seek for the common good, because we have needs from each other." Catarina currently sells in three different places, some as far as an hour away from home. She must get up at 4 am daily to prepare her products and transport them in minivans, buses and pick-ups.
Catarina appreciates the education lessons Friendship Bridge provides at the monthly loan repayment meetings and finds them beneficial in achieving both her business and personal goals. Catarina's biggest dream is that her business will become self-sustaining so that it will continue to provide income, which will support her girls' education. Over time Catarina has improved her business's administration, all thanks to the business management training provided by Friendship Bridge. In addition, her first child is completing elementary school this year. Catarina is proud that she has been able to support her because of what she has learned through Friendship Bridge’s curriculum that teaches parents how to support their children through school. Catarina only studied through 5th grade. She says that she can't imagine what great things her girls will be able to do if they continue their education. She wants her daughters to follow their dreams, become great professionals and serve the community.
Like Catarina, the 11 other members of the Amistad Trust Bank, most of whom are also mothers, do business in textiles, clothing sales and tailoring, among other trades. They are so happy to be able to obtain another loan to grow their businesses, and thus continue to support their families. The 12 women acknowledge their financial support from people around the world and are grateful that they have opened their hearts to them.
About Friendship BridgeThis 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.
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Success!! The loan was 100% repaid