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Mujeres De Honor Group
In this Group: Claudia Renee , Claudia Lisseth , Mirna Ninet , Rebeca , Rosa , Nancy Paola , Maria Del Carmen
The “Mujeres de Honor” trust bank is located in Patzun, Chimaltenango, Guatemala. The six women of this trust bank are involved in various businesses such as the sale of clothes, perfumes and poultry. Another member operates a bakery. As is the custom in several countries around the world, including Guatemala, many micro entrepreneurs take advantage of the holiday season at the end of the year to earn more for their business. Such is the case of Rebecca, a 38-year-old married woman who is a tailor.

She is the mother of three children, who currently attend kindergarten and 5th grade. Both Rebecca and her husband are business partners, and they work together. Neither of them completed primary school. They work hard to support their children’s education so that they can excel and perhaps attend college one day.

As the year-end holidays have arrived as well as the anticipated beginning of the new school year, Rebecca is quite busy. As there will be an increased demand for school uniforms, Rebecca has applied for a loan with Friendship Bridge so she can buy various kinds of fabrics and other materials necessary to sew clothing.

This is Rebecca's 4th loan cycle with Friendship Bridge. She states that she really likes the organization because it not only supports her financially with capital but also because of the monthly training she receives on various subjects such as, women's health, children's rights, business management, among others. She believes that all these topics enrich women’s lives and help them to understand how to live a better life.

Rebecca appreciates the support that her business is receiving through the KIVA investors. She wishes a Merry Christmas to all and a very happy and
blessed 2013.

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
  • 99
    View loans »
    Guatemala Loans Fundraising
  • $9,108,125
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres De Honor Group's $2,675 loan helped a member to buy fabrics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014