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Flor De Esperanza Group
In this Group: Juana Cecilia , Teresa , Tomasa , Rosa Georgina , Gladys Maribel , Aura Marina , Norma Mercedes , Amalia , Juliana , Floridalma , Ingri Mariela *
* not pictured
The Trust Bank, “Flor de Esperanza” or “Flowers of Hope,” consists of 11 members who are applying for a new loan from Kiva, administered by Friendship Bridge. During the previous loan cycle, the women successfully made their monthly payments on time. In addition, they participated during their monthly training sessions and learned about women’s health, children’s rights and business administration. The trainings were taught by the staff of Friendship Bridge.

Previously, we reported about Gladys, one of the hardworking women who supports herself, her two daughters and her sick father. Gladys had a convenience store and connected well with her customers with her great personality and cheerful demeanor. With her previous loan, Gladys was also able to purchase pigs to fatten up and sell. Recently, she got a one-year job as a cleaning lady from an organization in her community. Because of this, she closed her store but continues to sell food and snacks called “refacciones” in the front yard of her home to local residents every weekend. At the current time, Gladys has requested an additional loan, which she will use to purchase additional ingredients to make snacks. She also plans to buy a bull to fatten up and sell.

Gladys is the secretary of the Board of Directors of the Trust Bank. She is hopeful that Kiva investors will decide to show their confidence in the group by providing the funds for a new loan cycle. She knows that the women in her group will act responsibly by making their monthly payments on time as they did in the previous loan cycle. She states, "On behalf of the group, I thank the many people around the world who have placed their trust in each of us. We appreciate the trust that they have in us and their thoughtfulness in saving some money to invest in our businesses. We know that we face a better and more prosperous future because of this. God bless them.”

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
  • $9,872,275
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Esperanza Group's $3,000 loan helped a member to purchase ingredients to make snacks and to buy a bull.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 11, 2013
Jun 18, 2013
Currency Exchange Loss:
Jun 17, 2014