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Las Azucenas De Xenacoj Group
In this Group: Margarita , Maria Alicia , Concepcion Odilia , Evelyn Paola , Viviana Beatriz , Raymunda , Maria Angela , Eustaquia , Adalberta , Gilma Teresita , Victoriana , Mayra Janeth , Herlinda
The Trust Bank, Las Azucenas de Xenacoj, is happy to participate in the Friendship Bridge program. It helps both the younger and older members of the Trust Bank to overcome obstacles and realize progress. They look forward to the increased revenue that they will earn in order to support their families.

Mayra is a single, 19-year-old woman with seven siblings. She is a first-year nursing student and looks forward to a successful nursing career. As her family does not have the financial resources to fund her education, Myra is requesting a loan from Friendship Bridge for her textile business. She will use her loan to purchase yarn and thread to create beautiful pieces to sell. In this way, she can take care of her educational expenses and any additional ones as well.

Mayra looks forward to earning her nursing degree. She is most aware of the need for medical personnel in her community, both in small clinics and health centers. As she speaks both Spanish and her local Mayan dialect, she feels that she will be an asset to the people whom she will serve. She looks forward to serving her patients with understanding and compassion. Mayra will work at her business during the week and has scheduled her nursing classes over the weekends.

Mayra and the rest of the ladies of Las Azucenas de Xenacoj, are so pleased and excited to receive a microloan. With this special opportunity, they will be able to improve their own lives and the lives of their family members. The community will progress, as well. Mayra will play a significant role in the future of the town.

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
  • 71
    View loans »
    Guatemala Loans Fundraising
  • $9,637,050
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Azucenas De Xenacoj Group's $4,825 loan helped a member to purchase yarn and thread to create beautiful textiles to sell, which will help her to finance her nursing studies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014