Las Rosas De Xenacoj Group
Dolores, a new member of the Las Rosas de Xenacoj Trust Bank, is 28 years old and married to a tailor. They are a new family as they just welcomed their first daughter into the world last year. Dolores makes fajas (sashes) in various colors and designs. She is known in the community for having beautiful designs and colors that all of her clients thoroughly enjoy. At this point, her business is doing quite well, so she approached Friendship Bridge to request her first loan of approximately US $256. She will use these funds to buy a variety of colors of thread that she will use in order to keep up with the current demand for her garments.
Dolores is very excited about the loan, as she has clients who regularly purchase from her. This means steady income for her and her family. As a young family, Dolores and her husband know that husbands and wives must work to support each other in order to provide the best life for their children. Dolores has a dream to own a storefront where she can showcase her products and gain more clients without neglecting her regular customers who continue to support her and purchase her products. Dolores has confidence and a business plan to do this and part of the plan relies on capital from Friendship Bridge.
The rest of the women in the Las Rosas de Xenacoj Trust Bank are grateful for the support of Friendship Bridge and KIVA investors. By endowing their Trust Bank with funding the women are already supporting the development of their families and their community.
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
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Success!! The loan was 100% repaid