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Utatlan Group
In this Group: Isabela , Ana Angelica , Dina Elizabeth , Glenda Elizabeth , Evelia Anneliesse Kemberly , Aura Mariset , Maria Cristina , Sara Francis Nohemi , Fermina , Maria , Maricruz
In the northwestern highlands of Guatemala is the department (state) of Santa Cruz del Quiche. This is one of the most important departments in terms of craft production. Here you will find women weaving and crafting embroidery on backstrap looms.

Last year, a new Friendship Bridge Trust Bank was formed called Utatlan, and it is composed of 11 female entrepreneurs who own a variety of commerce businesses that range from textiles and clothing to medicine and cosmetics. Continued funding is pivotal for these women to obtain the financial capital needed to support and grow their businesses. In addition, when receiving a microloan from Friendship Bridge, they also receive monthly educational lessons.

The current secretary of the Utatlan Trust Bank is Angelica. Angelica is 34 years old and married to a bricklayer assistant. Together they have four children, two of whom are currently enrolled in school. Angelica’s business is selling traditional and used clothing, which she sells door to door as well as from her home. Angelica’s business is doing well, thus she has decided to invest more capital into the business.

Angelica successfully paid off her first loan and has now applied for a second loan. She is requesting a loan of approximately $320, which she will use to purchase additional merchandise in order to offer a greater variety of products to her customers. Her hope is that in the future she will be able to create a second business. To reach that goal she must grow her revenue from her commerce business and start saving. Her savings combined with Friendship Bridge microloans will help get her second business up and running.

She and her colleagues are very excited to be able to have access to funding they would not have without Kiva and Friendship Bridge. The women in the Utatlan Trust Bank enjoy the monthly educational lessons, which are an integral part of the Friendship Bridge model, where the women in the Trust Bank discuss topics related to business administration, budget, promotion, and different ways of do business (wholesale, retail, catalog, personal sales, etc.).

Angelica personally wants to thank Kiva investors for offering her access to financial capital, for their generosity, which has enabled her and her teammates to continue to grow their businesses.

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
  • 84
    View loans »
    Guatemala Loans Fundraising
  • $9,860,025
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Utatlan Group's $3,400 loan helped a member to purchase additional merchandise.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jul 17, 2013
Aug 4, 2013
Currency Exchange Loss:
Apr 16, 2014