Orquideas De Patzun Group
Each member of the Trust Bank has a business plan for their next loan. Maria Zenaida, 24 years old, has outlined a plan to enhance the products she sells in her community.
Like many Guatemalan women, Maria only has a few years of formal education. She completed the third grade before her mother abandoned the family and her father needed her help on the farm and to take care of her younger siblings. While growing up, Maria’s father taught her many lessons about agriculture. Today, Maria and her husband continue the family tradition of growing a variety of vegetables including cauliflower and broccoli. They have four young children at home; the eldest has just completed the first grade.
Maria married her husband at the age of 18. They were both working in agriculture so, together, they continued this practice. Years later, Maria, an enterprising woman, decided to expand their business into animal husbandry. Today, they own 25 chickens and two pigs. Through buying, raising and selling animals, Maria earns extra income for the family. With a new loan she will invest in feed for her chickens, seeds for their farm, and laying hens so she can begin selling eggs.
María’s dream is to continue to grow her businesses so she can support her expanding family. She is starting to plan for the future – she wants to transition the farm to her husband so she can open a clothing store and continue raising livestock.
Maria and the entire Orquideas de Patzun Trust Bank appreciates the support of Kiva investors. Without microcredit, many family development opportunities would not exist in rural communities of Guatemala.
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