De La Buena Esperanza Group
Every three weeks, on Mondays, the women of De La Buena Esperanza gather in the Barranche community to attend Friendship Bridge’s repayment or savings meetings.
These women are mostly in the business of livestock breeding. The breeding of chickens, pigs and cows is a good business. Some of them breed chickens exclusively, while others combine the breeding of different animals. In actuality, it really depends on the demand in the market.
The women of De La Buena Esperanza had previously requested a loan from Friendship Bridge. They believe that receiving a loan is a great idea because it helps them greatly in their business being that this loan is one of the few - if not the only - source of credit to which they have had access.
Some of them believe that a loan is a tool they can use to, one, come out of poverty, and two, gain a certain independence. This is due to the fact that when they invest the loan in their business, and it grows along with its utility, the women will have extra income for them to invest or spend at their disposition.
However, the battle to escape poverty is long and harsh. For the time being, the women must earn enough to cover their families’ baS. needs. They mentioned that covering their household’s baS. expenses was the most difficult for them.
Through Kiva, you can help these women fight against poverty. Please support them in their fight!
Translated from Spanish by Evelyn Garcia, Kiva Volunteer.
Cada tres semanas los días lunes las mujeres De la Buena Esperanza se juntan en la comunidad de Barranche para asistir a las reuniones de repago o de ahorro de Friendship Bridge.
Este grupo de señoras se dedican mayormente a la crianza de animales. La crianza de pollos, cerdos y toros es un buen negocio. Algunas señoras se dedican exclusivamente a la crianza de pollos, mientras que otras combinan la crianza de distintos animales. Realmente, depende de la demanda del mercado.
Las mujeres De la Buena Esperanza ya habían solicitado un crédito anteriormente con Friendship Bridge. Ellas piensan que solicitar un crédito es una gran idea porque las ayuda mucho en su negocio, ya que este crédito es una de las muy pocas, sino lo única, fuente de crédito a las cual ellas han tenido acceso.
Algunas piensan que el crédito es una herramienta que ellas utilizan para, uno salir de la pobreza y dos para ganar cierta independencia. Esto se debe a que cuando ellas invierten el crédito en su negocio y este crece al igual que sus utilidades, las señoras van a tener un dinero extra que ellas pueden invertir o gastar a su disposición.
Sin embargo, la lucha de salir de la pobreza es dura y larga. Por el momento, las señoras tienen que ganar lo suficiente para cubrir las necesidades básicas de su familia. Ellas mencionaron que cubrir los gastos de la canasta básica era lo más duro para ellas.
Ustedes por medio de Kiva pueden ayudar a estas señoras a luchar contra la pobreza. ¡Acompáñenlas en su lucha!
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