Check out some available loans that are similar to this one!
Arca De Noe Group
In this Group: Maria Elvira , Maria Cristina , Maria Aliona , Rocio Carolina , Mayra Leticia , Lisbeth Yojana , Aura Leticia , Roselia , Sandra Elizabeth , Clara Victoria
The Trust Bank “Arca de Noe” or Noah’s Ark is located in the busy commercial neighborhood of San Antonio, Quetzaltenango Guatemala. It was formed three years ago and consists of ten members. Three of the ladies are new to the group and are quite excited about the possibilities that they will have with a loan and some education. Most of the women are engaged in selling food such as tortillas and bakery items, or are owners of small shops selling items for daily consumption.

Roselia is a 49-year-old new member of the Trust Bank. She is divorced and lives alone with her eight children. Four of the children are still in school. Rosalia owns a small shop where she sells items for daily consumption. She started her business with only 500 GTQ or $65 U.S. The business has increased and covers the expenses for the family to sustain itself and for the children’s education.

Roselia is requesting a loan from Friendship Bridge to stock her store. She will buy items like rice, beans, oil, sugar, pasta, salt, juices and much more to meet the demand of her customers. As the business is successful, it can grow more with financial capital. Rosalia’s dream for the future is to move her store to a more central location so she can increase her income with more customers.

The women of the Trust Bank, “Arca de Noe”, appreciate the support of the group.They share their joys and sorrows together. They know that micro-credit is a huge support because it helps them and their families. They also enjoy the monthly trainings that Friendship Bridge provides with topics like women's health, women's rights, empowerment, and business management. Roselia states, “I am eager to learn more, because I only had one year of education as my parents believed that learning to write my name was enough school for me.” Roselia and her fellow Trust Bank members are facing a brighter future because of their association with KIVA and Friendship Bridge.

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
  • 84
    View loans »
    Guatemala Loans Fundraising
  • $8,923,125
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Arca De Noe Group's $4,125 loan helped a member to stock her store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014