Claveles De Xenacoj Group
Maria Calixta, a 24-year-old, single mother of a four-year-old boy, is a member of the Trust Bank. She understands that it is never too late to seek personal and professional improvement. Because her son has not begun his own education, Maria Calixta is enrolled in her very first year of school which she attends over the weekends. She is most excited about what she is learning and has the motivation to learn as much as possible, especially learning to read and write in Spanish. She is doing this, so that she can be well-prepared to help her own son when he begins his education. She is hopeful for a better future for his generation.
Like many in her village, Maria Calixta works in the production of handicrafts, producing napkins, placemats, tablerunners, and caps, which she sells in Santo Domingo Xenacoj and in neighboring markets. She also has clients to whom she delivers items on a regular basis.
Maria Calixta is requesting a loan of USD 384 in order to buy various colors of yarn, to continue to operate her small business. She looks forward to increasing her sales, so that she can sustain her own life and that of her child.
All of the ladies of 'Claveles de Xenacoj' want to express their gratitude to Kiva investors for the opportunity to secure a loan. They understand that, with this opportunity and a little education, they can create a better world for themselves, their families, and their communities.
About Friendship BridgeThis 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.
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Success!! The loan was 100% repaid