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Los Tzoc Group
In this Group: Maria , Manuela , Tomasa , Micaela , Jacinta , Alicia , Olga Janet , Silvia Aureliana , Silvia Paticia
The small rural village of Los Tzoc is located in the department of Quiche, in the northwestern area of Guatemala. There are nine women in this Los Tzoc Group trust bank, who enjoy working together and supporting each other. They are requesting a new loan with Kiva and Friendship Bridge, which would be the fourth loan for the group. The loans will help them with their business endeavors, which include animal husbandry (chickens, pigs and sheep), textiles (weaving, selling clothes), and small commercial ventures (selling vegetables and tortillas).

Alicia is a 30-year-old mother of four children, whose dream is to work hard and help her family to progress successfully into the future. She works with her husband in their two businesses. Alicia owns a tortilla business and, along with her husband, she buys and resells vegetables. The couple has eight employees and is looking forward to expanding their businesses. Alicia is in need of additional financial capital, in order to buy more corn in bulk and more vegetables to sell.

Alicia and the rest of the women in Los Tzoc Group are very excited and proud to be involved in this trust bank. They look forward to their monthly meetings, where they share experiences and make payments. They also enjoy the educational topics provided by Friendship Bridge and receive valuable information about business management, budgets, expenses, and women’s and children’s rights. Most of the information is new to them, as their average educational level is the third grade.

The trust bank, Los Tzoc Group, wishes to express their gratitude for their previous loans and their anticipated additional loan. The combination of the loan funded by Kiva lenders, and the training and education from Friendship Bridge, helps them to look forward to a more profitable and secure future for themselves, their families and community.

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
  • 65
    View loans »
    Guatemala Loans Fundraising
  • $8,798,275
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Tzoc Group's $4,425 loan helped a member to buy more corn in bulk and more vegetables to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014