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Patachaj Group
In this Group: Catarina , Santa Higinia , Maria Elena , Santos Santiaga , Susana , Francisca , Flora , Teresa , Leonarda , Sandra Elizabeth , Claudia Aracely , Ana , Santa Carmelina
In Patachaj, San Cristobal Totonicapan in Guatemala, villagers make a living farming and manufacturing clothing. The rural village, founded in 1880, is home to a people who are friendly and happy, despite the area’s typically cold weather.

Three years ago, Patachaj Trust Bank was founded by seven local women. With the addition of six new members this year, the group has grown to 13 enthusiastic women, excitedly awaiting their loans from Friendship Bridge.

Teresa is one of the new members. She is 31 years old and married to a day laborer named Alejandro. The couple has three children, two girls and one boy, who attend the local elementary school. Teresa and her husband, who were themselves unable to attend school beyond the second grade, are dedicated to keeping their children in school.

A year ago, when Teresa noticed that her husband's income was not enough to support their family, she started a small business selling tortillas. Currently using a wood stove, she is restricted to selling the tortillas on the road outside her home three days a week. She joined Patachaj Trust Bank so she could buy a gas stove. A gas stove, which is more economical and easier to transport, would allow her to locate her business in San Cristobal Totonicapan’s busy market center, ten minutes from her home. Her goal is to work at least four days a week in her business.

Besides Teresa’s tortilla business, the women in Patachaj Trust Bank hand-embroider blouses, manufacture clothing, and own small convenience stores, among other enterprises. The loans and monthly training they receive from their involvement in Friendship Bridge’s microcredit program expand their businesses and keep their children in school. They all expressed their gratitude to KIVA investors for helping to develop them and their families.

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
  • 74
    View loans »
    Guatemala Loans Fundraising
  • $8,352,950
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Patachaj Group's $4,450 loan helped a member to buy a gas stove.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Feb 27, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014