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De La Buena Esperanza 2 Group
In this Group: Juana, Juana, Juana, Martina, Alba, Cristina, Maria, Lucia, Zoila, Juana, Teresa, Juana, Veronica
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The women of De La Buena Esperanza #2 are also in the livestock industry. In the community of Barranche, the business is very profitable being that despite many of them working in it, they continue to invest in their respective businesses due to the demand in their products.

They believe that the loans they receive are of utmost importance being that without said injection of funds, their businesses would be unable to prosper. Fortunately, they were able to pay their past loans easily. One important detail worth mentioning is that previously, in rural communities, those that offered the loans charged up to 10% interest per day. For this reason, institutions like Friendship Bridge are of vital importance to microfinance being that now the women can have dependable access to loans.

These ladies are currently working in the livestock breeding industry. Many of them are breeding chickens, pigs and bulls. The animals they breed depend on the demand in the market. However, the dream of some of them is to learn to make cakes, finger foods and handicrafts. This is because they want to diversify their businesses so that they do not have to depend on one sole source of income. The dream of some others is to pay off their loan, then take out another one that allows them to purchase more livestock.

This group of women is very enthusiastic, and for that reason we must give them wings in the form of a loan. They have the disposition to work hard, since they have been doing it their whole lives to survive the harsh conditions of poverty. Please support them in this development process so that they may progress.

Translated from Spanish by Evelyn G., Kiva Volunteer.




Las mujeres de la Buena Esperanza #2 también pertenecen a la industria de la ganadería. En la comunidad de Barranche el negocio es muy rentable, ya que a pesar de que muchas señoras trabajan en ganadería ellas siguen invirtiendo en su mismo negocio debido a la demanda que tienen por sus productos.

Ellas creen que los préstamos que ellas reciben le son de suma utilidad ya que sin dicha infusión de dinero sus negocios no podrían prosperar. Por suerte, ellas pudieron pagar las cuotas de sus préstamos pasados con comodidad. Un detalle importante es que en las comunidades rurales anteriormente las personas que daban créditos cobraban hasta un 10% al día. Es por eso que instituciones como Friendship Bridge ayuda mucho al desarrollo de la micro empresa ya que ahora las mujeres pueden tener acceso confiable al crédito.

Estas señoras por el momento están trabajando en el área de crianza de animales. Muchas de ellas están criando pollos, cerdos y toros. Los animales que crían depende de la demanda del mercado. Sin embargo el sueño de algunas es de aprender a elaborar pasteles y bocadillos y hacer manualidades. Esto se debe a que ellas quieren diversificar sus negocios para que así no tengan que depender de una fuente de ingresos. El sueño de otras es de pagar su crédito y poder sacar un préstamo que les ayude a comprar más ganado.

Este grupo de mujeres es muy entusiasta. Es por eso que le debemos de darles alas por medio de un préstamo. Ellas tienen la disposición de trabajar duro, ya que lo han hecho toda su vida para sobrevivir las duras condiciones de la pobreza. Apóyenlas en este proceso de desarrollo para que puedan salir adelante.

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
  • 75
    View loans »
    Guatemala Loans Fundraising
  • $9,917,275
    Funds lent in using Kiva
  • 7.5
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of De La Buena Esperanza 2 Group's $3,300 loan helped a member breeding of animals such as chickens, pigs and bulls.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 21, 2008
Listed
May 4, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 19, 2009