The women of the Trust Bank are involved with agriculture as well as the production of handicrafts. Calixta is a 20-year-old member of the group who is married with two little boys who are the light of her eyes. Her business is animal husbandry which she was attracted to four years ago. She reports that it was difficult to raise animals as she did not have the necessary funds to do so properly. Calixta was greatly heartened to find Friendship Bridge and joined the “Campamento” Trust Bank. She is currently starting her second loan cycle. Calixta will use her loan to purchase at least two pigs, a dozen chickens, turkeys as well as food to fatten them quickly. In this way, she will be able to provide a steady income which will serve the many needs of the family. In addition, she wants to begin saving money for the education of her sons.
Calixta is quite excited that her business is growing. Currently, she has 42 animals, including turkeys, pigs and many chickens. "My animals are well fed and people already know the quality of the product I sell so my animals are sold quickly when I go to the market. I also sell my animals from home taking out the transportation costs as my neighbors know me already.”
The Friendship Bridge Trust Bank “Campamento” feels proud to belong to the KIVA and Friendship Bridge alliance. The women realize that with their educational trainings, careful planning and hard work, they can empower themselves and their family members leading all to a brighter and more successful future!
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