Mujeres Nuevo Amanecer Group
After receiving four previous group loans from the MFI Friendship Bridge, these women have been able to expand their production to now sell a consistent surplus in the local market. Moreover, Friendship Bridge organized a workshop on organic fertilization and crop rotation for the women this past fall to counteract "slash and burn" erosion and nutrient depletion.
As the leader of the women, Feliza (in the back row, second from the right), is especially proud of her strawberry crop. She has been able to double her production with the previous assistance of Friendship Bridge. Feliza hopes to expand her farm’s production to include lettuce and cabbage as more durable crops. With nine children, Feliza and her husband are excited to provide more consistently for their family with the hopes that their children can spend more time at school than in the fields.
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