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Parromero Group
In this Group: Juana, Francisca, Miriam, Petrona, Petronila, Ana, Catarina, Josefina, Santos, Sipriana, Lorenza, Tomasa, Maria, Maria
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San Jose Chacaya is a rural community in the high plains of Guatemala. It is difficult to conceive the idea that women that have been so marginalized from the social, economic, and political system of the country have access to a service as modern as credit. In their town they heard about a lady called America that works on a project in which they give fast loans with dependable and low interest. That "lady" is America Chiyal, a loan agent that works for Friendship Bridge. The women that make up the group joined to form the communal bank and once they had formed said unit they contacted America.

The Parromeras contacted the institution because they need a loan to enlarge the amount of capital for their business. Half of the group is going to invest their loan in the breeding and sale of chickens. Some are going to buy chickens already grown to feed for some weeks and then sell. Others are going to buy the chickens already grown to cut up and sell in the market, while others are going to buy the chickens already cut up and plucked to sell in the market. Juana Martinez says that she not only plans to invest her loan in the breeding of chickens, but she also plans to buy piglets to grow fat and then sell in the market, and finally she also embroiders typical blouses. One is surprised by the versatility of many of these women.

The other half of the group is divided into 3 parts. Three women sell vegetables in the market. They will invest their loan in the purchase of carrots, huisquil (a type of squash), cabbage, onions, tomatoes, lettuce, and avocado, among other vegetables. Two women work with a foot loom to make short and long traditional skirts. Usually, only men work in the looms owing to the force required to work the loom. The last group works embroidering traditional blouses of their towns.

The dream of the women of Parromero is to grow their business so that they do not have to depend on debt to have a profitable business and so that they can generate sufficient income to invest in their business and to cover the needs of their families. Inside this communal bank there are many women with the drive of Juana Martinez, nevertheless many of these women battle alone. That is why, if we give them a hand, they are going to feel that they are not alone in their fight against poverty.

Translated from Spanish by B, Kiva Volunteer.


San Jose Chacaya es una comunidad retirada en el altiplano de Guatemala. A uno se le haría difícil concebir la idea de que mujeres que han estado tan marginalizadas del sistema político, económico y social del país tengan acceso a un servicio tan moderno como el crédito. Ellas escucharon en su pueblo sobre una “señora” llamada América que trabaja en un proyecto en el cual dan créditos rápidos, con intereses bajos y confiables. Esa “senora” es America Chiyal, una agente de crédito que trabaja para Friendship Bridge. Las mujeres que integran el grupo se juntaron para formar el banco comunal y una vez conformado dicha unidad contactaron a America.

Las Parromeras contactaron la institución porque necesitan un crédito para aumentar el tamaño del capital de su negocio. La mitad del grupo va a invertir su crédito en la crianza y venta de pollos. Algunas van a comprar pollos ya crecidos para alimentarlos por unas semanas y luego venderlos. Otras van a comprar los pollos ya crecidos para destazarlos y venderlos en el mercado, mientras que otras van a comprar los pollos ya destazados y desplumados para venderlos en el mercado. Juana Martinez dice que ella no solo invierte su crédito en la crianza de pollos, sino que ella también a comprado sus cerditos para engordarlos y luego venderlos en el mercado, finalmente ella también borda blusas típicas. Uno se sorprende de la versatilidad de muchas de estas mujeres.

La otra mitad del grupo se divide en tres mujeres que venden verduras en el mercado y que invierten su crédito en la compra de zanahoria, huisquil, repollo, cebollas, tomates, lechuga, aguacate, entre otras verduras. Luego, dos mujeres trabajan en telar de pies. Ellas elaboran cortes, faldas largas tradicionales. Usualmente, solo los hombres trabajan en los telares debido a la fuerza requerida para emplear el telar. Mientras que el resto trabaja bordando blusas tradicionales de sus pueblos.

El sueño de las mujeres Parromero es el de agrandar su negocio para que así no tengan que depender de una deuda para tener un negocio rentable y para que puedan generar las suficientes utilidades para que puedan invertir en su negocio y cubrir las necesidades de sus familias. Dentro de este banco comunal hay muchas mujeres con el empuje de Juana Martinez, sin embargo muchas de estas mujeres se encuentran batallando solas, es por eso que si nosotros les demos un empuje, ellas se van a sentir acompañadas en su lucha contra la pobreza.

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
  • 100
    View loans »
    Guatemala Loans Fundraising
  • $9,101,050
    Funds lent in using Kiva
  • 7.5
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Parromero Group's $3,500 loan helped a member to buy chickens and piglets for breeding and sale, vegetables for sale and materials for weaving and embroidering traditional blouses and skirts.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 14, 2008
Listed
Apr 28, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009