Mujeres Del Sector Terminal Group
Eva is 24 years of age and brand new to the Trust Bank. She is married to a masonry assistant and they have three children who range in age from three to six. This industrious young woman raises pigs and chickens and is in need of financial capital so she can purchase more animals. For this reason, she joined “Mujeres del Sector Terminal” and applied for her first loan. Eva intends to buy at least two pigs and ten chickens and will purchase feed to fatten them as well. She is excited to be part of the Trust Bank. All the women are very dynamic and share the same goal which is to help their families move forward.
The ladies of “Mujeres del Sector Terminal” really enjoy the non-formal education trainings on topics like women's health, self-esteem, children’s education, hygiene, money management, and business administration. These trainings are part of the monthly meetings facilitated by a Trust Bank officer from Friendship Bridge. The women participate in these trainings by sharing experiences as well as giving their opinions and personal examples.
All of the ladies of the Trust Bank “Mujeres del Sector Terminal” are infinitely grateful to KIVA investors throughout the world for the opportunity to secure a loan. The funds help them to grow their businesses, increase their family income and improve their quality of life. They look forward to a brighter future as empowered women eliminating poverty.
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