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Molino Belen Group
In this Group: Rosario, Carmen, Juana, Nicolasa, Maria, Julia, Santos, Ana, Hermenegilda, Gloria
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Purchase of linen to elaborate dresses and traditional embroideries, Purchase of clothes, purchase of vegetables

Close to the departmental header of the Sololá department live women who shape the communal bank Molino Belen. Some live in the back of the hospital near the front of their village and others live near a little school. In spite of the fact that they live relatively separated from one another, a sense of unity among the whole is felt during their reunions.

Unity inside a communal bank is of utmost importance. The functioning of this style of work is based on the idea of social collateral. Every member of the group backs other members among them. Additionally, the good relations between the women create awareness of payment. For example, unity in the group then a woman in the group will think twice before choosing not to pay because she will not want to jeopardize the reputation of the communal bank amidst the institution. If a client does not pay then the whole group is affected and this could create various negative repercussions. This is why solidarity in the group is important so that this system functions in the best manner possible.

In this group, the women work primarily in the textile area. Three women are weavers. They utilize their credit to buy thread to elaborate typical items that are sold in the market. Two of the women also utilize their credit to buy thread, however they employ it in the art of embroidery. They embroider huipiles and the cuts, which are large traditional skirts. Three clients invest their credit in upbringing animals. One of the clients invest their credit by reselling clothes and the last client invests her credit by buying vegetables to later resell them in the Sololá market.

The advantage of these women is that they live very close to the Sololá market. In this market, there is much commercialization of agricultural products and crafts. During the days of the market, Tuesday and Thursday, the people begin to sell their products at one in the morning and there are people who finish selling at four in the morning. The Sololá market is very dynamic—it attracts traders from nearby villages like Panajachel, Concepción, San Jorge, among others.

The women believe that solicited loans have served them greatly because they have been able to enlarge their business to the point where they can now generate utilities. This is due in major part to the fact that with credit, they can buy inputs necessary so they can be rentable.

The women comment that the loans have helped them improve themselves because they now have a proper business and with the utilities that they generate they can dress, educate, and nourish their children.

If this is not a good enough reason to approve these ladies then I cannot think of another! These women work hard for the wellbeing of their children. We must learn to value people like these in the world now that in this world of consumerism we face people who do not help others. Support these women!


Cerca de la cabecera departamental del departamento de Sololá viven las mujeres que conforman el banco comunal Molino Belen. Algunas viven a la espalda del hospital a la entrada del pueblo y otras viven a la par de una escuelita. A pesar de que viven relativamente separadas una vez en las reuniones se siente la unidad del grupo.

La unidad dentro de un banco comunal es de suma importancia. El funcionamiento de este estilo de trabajo se basa en la idea de colateral social. Todas las integrante del grupo se avalan entre ellas. Además, la buena relación entre las mujeres crea conciencia de pago. Por ejemplo, si hay unidad en el grupo entonces una mujer va a pensar dos veces antes de no pagar porque ella no va a querer perjudicar la reputación del banco comunal ante la institución. Si una clienta no paga el grupo entero cae en mora y esto puede crear varias repercusiones negativas. Es por eso, que la solidaridad del grupo es realmente importante para que este funcione de la mejor manera.

En este grupo las mujeres trabajan mayormente en el área textil. Tres señoras son tejedoras. Ellas utilizan su crédito para comprar hilos para elaborar piezas típicas que son vendidas en el mercado. Dos de ellas, también utilizan su crédito para comprar hilo, sin embargo ellas lo emplean en el arte de bordado. Ellas bordan los huipiles y los cortes, faldas largas tradicionales. Tres clientas invierten su crédito en la crianza de animales. Una invierte el crédito revendiendo ropa y la última comprando verduras para luego venderlas en el mercado de Sololá.

La ventaja de estas mujeres es que viven muy cerca del mercado de Solola. En este mercado hay mucha comercialización de productos agropecuarios y artesanales. Durante los días de mercado, martes y viernes, la gente empieza a vender sus productos a la una de la mañana y hay personas que terminan su venta a las cuatro de la mañana. El mercado de Solola es muy dinámico ya que atrae a los comerciantes de pueblos aledaños como Panajachel, Concepción, San Jorge, entre otros.

Las mujeres creen que los préstamos solicitados les ha servido de mucho debido a que ellas han podido agrandar su negocio a un punto donde ya pueden generar utilidades. Esto se debe mayormente a que con el crédito ellas pueden comprar los insumos necesarios para que sean rentables.

Las señoras comentan que los préstamos las han ayudado a superarse porque ellas ya tienen un negocio propio y con las utilidades que ellas generan ellas pueden vestir, educar y alimentar a sus hijos.

¡Si esta no es una razón para apoyar a estas señoras entonces no se me ocurre otra! Estas mujeres se dan íntegramente para conseguir el bienestar de sus hijos. Nosotros tenemos que valorar gente así en el mundo ya que en este mundo de consumismo cada vez nos topamos con gente que se desvive por el prójimo. ¡Apóyenlas!

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
  • 75
    View loans »
    Guatemala Loans Fundraising
  • $8,399,050
    Funds lent in using Kiva
  • 7.5
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Molino Belen Group's $3,425 loan helped a member compra de hilo para elaborar trajes y bordados tradicionales, compra de ropa, compra de verduras,.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 21, 2008
Listed
May 5, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 19, 2009