Xecam En Victoria Group
The Friendship Bridge Trust Bank, “Xecam en Victoria,” is located here and consists of seven
hardworking and enthusiastic women. They are beginning their second loan cycle with
Friendship Bridge, funded by KIVA investors. Most of the ladies work in textile production,
including embroidery and weaving, as well as animal husbandry. The income that these women
earn is essential to the maintanence and well-being of their families.
Like all Trust Banks within the Friendship Bridge program, “Xecam en Victoria” has its own
Board of Directors that consists of three women who are charged with leadership responsibilities.
The President for this new loan cycle is Francisca, a 37-year-old woman who is the mother of five
children. She is hardworking and divorced. Because of the income that she earns, Francisca is
able to provide food, healthcare and education for her children. She is optimistic and confident
that she will be able to sustain and grow her small business which involves the resale of
traditional clothing. Because her business is doing well, Francisca is applying for her second loan
cycle which she will use to purchase additional thread and fabric. She already has orders from
potential clients as well as repeat clients in her own community.
Francisca is amazed and delighted that people from other parts of the world want to know her
story and support her as well as the other six ladies in the Trust Bank. She truly appreciates the
confidence of the KIVA investors. In her own words, "Women are able to change their lifestyle,
but in order for that to happen, we need some help. It is so important for us to generate an
income for our families. I so appreciate the kindness and support that Friendship Bridge and
KIVA share with us.”
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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