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Corazon De Oro Ii Group
In this Group: Maria, Nicolasa, Magdalena, Maria, Natalia, Maria, Andrea, Maria, Teresa, Dominga, Maria, Nicolasa
View original language description ↓

The women that belong to the communal bank Corazon de Oro II are from a remote community called El Jaibalito, which is located on the shores of Atitlan Lake. This town is far from other villages. Access roads are limited and you can only get there by boat since the uneven terrain does not allow for the construction of a road.


The people of El Jaibalito are traditional, and as you can see in the photo all the women wear the native traditional garb. Except for one woman who speaks Spanish, the rest of the women only speak Maya Tzutujil. This language is only spoken on the shores of Atitlan Lake and part of the Guatemalan coast.


All the women in this group are weavers. They will use their loan to purchase thread, which they will weave into elaborate traditional textiles on a traditional waist loom. You can also find women that participate in this communal bank that invest their loan in raising game and many of them also work in construction. Women work as part of the work force involved in the construction of buildings in Jaibalito.


The women believe that the loan they are getting will help them expand their business. The lack of funds doesn’t allow them to buy the raw materials necessary to make the products that are asked of them. This problem could easily be solved with the loan that they will be given.


Members of Corazon de Oro II like working together because they know each other and where their partners live and they trust each other. The size of the loan is small. Many women are asking for similar loans and this similarity helps group consolidation because they are all at the same level.



These women deserve the opportunity to secure this loan and expand their business. Support them!



Translated from Spanish by Sandy Juárez, Kiva volunteer.



Las señoras que pertenecen al banco comunal Corazón de Oro II provienen de una retirada comunidad llamada el Jaibalito, que está ubicada a las orillas del lago Atitlán. Esta comunidad esta aislada del resto de pueblos aledaños. Sus vías de acceso son muy limitadas, solo se puede llegar por lancha ya que la accidentada geografía del lugar no permite que una buena carretera sea construida.

La gente del Jaibalito es muy tradicional. Como se puede ver en la foto todas las mujeres visten sus bellos trajes tradicionales oriundos del lugar. Ellas, excepto una señora que sabe el español, hablan exclusivamente el Maya Tzutujil. Este idioma solo se habla a las orillas del lago Atitlán y en una parte de la costa de Guatemala.

En este grupo todas las señoras son tejedoras. Ellas van a invertir su crédito en la compra de hilos para elaborar tejidos tradicionales en un telar de cintura. En este banco comunal se encuentran señoras que también invierten su crédito en la crianza de animales. Asimismo, muchas de ellas trabajan en construcción. Las mujeres trabajan como mano de obra en las construcciones que se llevan acabo en el Jaibalito.

Ellas piensan que el capital que están sacando las va ha ayudar a expandir su negocio. Esto se debe a que por falta de ingresos ellas no pueden comprar la materia prima que necesitan para elaborar los productos que a ellas les demandan. Este problema se resuelve fácilmente con el crédito que se les va a otorgar.

A las integrantes de Corazon de Oro II les gusta trabajar juntas porque se conocen bien, sabe donde viven sus compañeras y se tienen confianza. Además, el rango del préstamo es muy limitado. Muchas mujeres están solicitando préstamos similares, esta similitud ayuda a que el grupo se consolide porque todas las señoras están en el mismo nivel.

Estas señoras merecen la oportunidad de acceder a este crédito y de esa expandir su negocio. ¡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

  • $5,300
    Average annual income
  • 79
    View loans »
    Guatemala Loans Fundraising
  • $9,637,050
    Funds lent in using Kiva
  • 7.4
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Corazon De Oro Ii Group's $3,175 loan helped a member to purchase threads for weaving and animals for raising game.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 8, 2008
Listed
May 25, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2009